Quiksilver now owns, directly or indirectly, over 95% of Rossignol, with over 96% of the voting rights, and has initiated the mandatory squeeze out to acquire the remaining shares. Quiksilver had launched a second tender offer period in July that settled today, resulting in the acquisition of enough shares to push its ownership over the 95% threshold.
The Company anticipates completing the acquisition of all remaining shares of Rossignol near the end of September 2005.
