Oaktree Capital Management

Huntington Beach-based owner of Quiksilver makes $150-million bid for rival Billabong

Huntington Beach-based owner of Quiksilver makes $150-million bid for rival Billabong

Boardriders Inc., the Huntington Beach-based company whose brands include Quiksilver and DC Shoes, has made a $150-million bid to acquire Billabong, a chief action sports apparel competitor.

The takeover attempt still requires approvals from Billabong’s board and regulatory agencies. It would involve buying Billabong at 75 cents, or 1 Australian dollar per share.

Boardriders was formerly known as Quiksilver Inc. The name change was announced in March and came about a year after the company emerged from Chapter 11 bankruptcy with the aid of Oaktree Capital...

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