Billabong on Thursday requested yet another trading halt in its shares
to allow the company to progress discussions with parties exploring a
bid for the company.
A source told the Wall Street Journal that both Sycamore Partners and Billabongs former Americas head Paul Naude; and VF Corporation and Altamont Capital Partners, are still engaged in talks. Sycamore Partnerss second period of exclusivity has ended.
Earlier this year, both groups offered A$1.10 a share to gain due diligence.