Reuters: Global Markets: Private equity group Bain is unnamed Billabong bidder -sources

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Private equity group Bain is unnamed Billabong bidder -sources Sep 6th 2012, 02:09 MELBOURNE | Wed Sep 5, 2012 10:09pm EDT MELBOURNE (Reuters) - Private equity firm Bain Capital LLC is the unnamed second bidder for Australian surfwear company Billabong International (BBG.AX), two sources familiar with the matter said on Thursday. Billabong said earlier it received a second takeover approach late on Wednesday, valued around A$694 million ($707 million) and matching an existing bid from private equity suitor TPG Capital TPG.UL. Shares in Billabong jumped 9 percent to their highest in three weeks after resuming trade on Thursday morning. A Billabong spokesman declined to comment on the identity of the new bidder. Two sources told Reuters the second bidder was Bain. They declined to be named due to the confidentiality of the information.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions