Billabong entered a second stretch of exclusive talks with the consortium that has offered $287?million for the troubled retailer, which was set to expire on Wednesday. Sycamore has offered 60¢ a share, down from its initial offer of $1.10. Rival bidder VF Corp is believed to have offered roughly half of Sycamore’s second bid.
So VF corp offered 30c?
How is BBG not required to make a statement of the financial status of the company to the market if potential buyers are offering 143.5 million for the whole hog.
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