Embattled surfwear group Billabong again said that it is still in talks with its suitors and requested a trading halt on the Australian Securities Exchange (ASX) until Thursday.
In January San Francisco buyout house Altamont and North Face owner VF Corp partnered for an A$556m ($588m) bid for Billabong, matching a rival offer from fellow US private equity firm Sycamore Partners.
The offer from Sycamore, which is also supported by former US director of Billabong Paul Naude, was revealed in December backed with debt financing from Bank of America Merrill Lynch.
Billabong told investors today that talks over the proposals are still incomplete.
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