Country for PR: United States
Contributor: PR Newswire New York
Wednesday, March 28 2018 - 15:25
AsiaNet
Billabong Shareholders Approve Boardriders Acquisition
HUNTINGTON BEACH, California, March 28, 2018 /PRNewswire-AsiaNet/ --

Boardriders, Inc., a global action sports and lifestyle company that owns and 
operates Quiksilver, Roxy, and DC Shoes brands, announced today that the 
shareholders of Billabong International Limited (ASX:BBG) have approved 
Boardriders' proposed acquisition of Billabong.

Logo - https://mma.prnewswire.com/media/624774/logo_boardriders.jpg 

Boardriders Chief Executive Officer Dave Tanner said: "We believe that this 
transaction represents the best value for all stakeholders – shareholders, 
employees, vendors and customers.  We are pleased to see that the Billabong 
shareholders recognized this value, and have approved the proposed acquisition. 
We have now cleared a significant milestone, and we are one step closer to 
creating the world's leading action sports company.  We look forward to uniting 
the Billabong and Boardriders communities and building a foundation to better 
showcase and grow the action sports industry."

The transaction is anticipated to close on or about April 24, 2018, subject to 
final approvals.

About Boardriders, Inc.:

Boardriders, Inc., is a leading action sports and lifestyle company that 
designs, produces and distributes branded apparel, footwear and accessories for 
Boardriders around the world. The Company's apparel and footwear brands, 
represent a casual lifestyle for young-minded people who are inspired by a 
passion for outdoor action sports. The Company's Quiksilver, Roxy, and DC Shoes 
brands have authentic roots and heritage in surf, snow and skate. The Company's 
products are sold in more than 110 countries in a wide range of distribution, 
including surf shops, skate shops, snow shops, its proprietary Boardriders 
shops and other Company-owned retail stores, other specialty stores, select 
department stores and through various e- commerce channels. For additional 
information, please visit our brand websites at www.quiksilver.com 
(http://www.quiksilver.com/) , http://www.roxy.com (http://www.roxy.com/)  and 
www.dcshoes.com (http://www.dcshoes.com/) .

SOURCE: Boardriders, Inc.
 

CONTACT:  Sitrick and Company—Stuart Pfeifer, +1.310.788.2850, 
spfeifer@sitrick.com / Anita-Marie Laurie, +1.310.788.2850, 
anitamarie@sitrick.com.