BBG 0.00% $1.05 billabong international limited

new offer from gold coast consortium, page-30

  1. 767 Posts.
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    By any measure, this "takeover" is taking aeons to complete. As I read the situation, BBG and Sycamore are trying to screw down lease obligations which is taking time. Shop owners are being offered a reduced rent or nothing which would happen in a bankruptcy. If BBG was American it would be in Chapter 11 reorganising itself. As we in Australia have no such half-way house it's paralysis all around.
 
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Currently unlisted public company.

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