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The partial sale would give about US$285 (or A$265.78) million in net proceeds to Billabong. Proceeds from the sale will be used to reduce debt. [25] In February 2012, TPG Capital made two takeover proposals, neither of which was accepted. [27] Billabong announced that Gordon Merchant, who owns 15% of the company's shares, had rejected both the ...
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Hurley is an American company that sells clothes and accessories marketed towards surfing and swimming. Established in 1979 as a distributor for Billabong clothing in the United States, Hurley was sold to Nike, Inc. in 2002 for an undisclosed price and then to Bluestar Alliance LLC in 2019 for an undisclosed price.
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