Mega merger?

I just picked this up on the news wires and wondered if this is the reason things are moving.
I you look at Nikes size and dominance in its market, it makes sense.

Oaktree Set to Combine Quiksilver, Billabong

Mediha DiMartino   Monday, October 12, 2015


Oaktree Capital Management LP’s turnaround plan for Quiksilver Inc. calls for combining the Huntington Beach-based footwear and apparel company with Australia-based Billabong International Ltd., a “source close to the situation” told the New York Post.
Quiksilver filed for Chapter 11 bankruptcy last month to reorganize its U.S. operations. The company’s European and Asia-Pacific businesses were not part of the filing.
Oaktree, a Los Angeles-based private equity firm, owns a majority stake in Billabong and is looking to provide up to $175 million in debtor-in-possession financing to Quiksilver at 12% annual interest. Its offer is comprised of a “secured term facility of $115 million” and “secured asset-based revolving credit facility of $60 million,” according to court documents.
Brigade Capital Management LP in New York submitted a competing offer to Quiksilver last week, looking to lend up to $115 million at 10.5% interest.
Brigade’s offer is “cheaper, longer in duration and provides the debtors with greater flexibility,” the Official Committee of Unsecured Creditors wrote Friday in a filing to the U.S. Bankruptcy Court for the District of Delaware.