Australian surfing clothing manufacturers Billabong international company says it has received from the group, including clothing company VF company matching takeover offer of previously received a $526800000 ($555500000) takeover bid.
The company said Monday, VF group, including private equity investment company alta monte capital partners, will provide a $1.10 per share ($1.16).
Billabong - including palmer, surfing, von zipper, it of the same name and others - about 478.9 million outstanding shares, according to FactSet brand.
The company has been trying to turn the results, in 2012 cut hundreds of its positions, Nixon watch and accessories brand and sales of the half.
VF company, its brand including Wrangler, NAUTICA and The North Face said in a statement, it is The most interested Billabong brand. Alta monte is in other brand and related assets are interested in.
They offer Billabong is a group of including the members of the board of directors Paul noble, ng partner management and bank bank of America merrill lynch in December received offer the same.
Matching price are lower than those of a $695 million ($734600000), or every 1. 45 dollars ($1.53), provide the Billabong, private equity investment company TPG international in July received. September the Billabong said it received offer the same TPG from a secret party, but at this time, two proposals of no value to the company high enough.
TPG has initially brought before the sale on February 3 dollars ($3.17) per share Billabong, but cut the quotation in July, because of the company's financial performance, continued to worsen.
Billabong and VF group Sycamore group has the right to conduct due diligence, to better understand the value of it.
The company said it will evaluate provided more than about six weeks to see if it can get a bid "price and terms and conditions, the board of directors Suggestions".
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