Billabong shareholders approve acquisition by Boardriders

28/03/2018
Action sports group Boardriders, parent company of Quiksilver, has announced that Billabong shareholders have approved Boardriders’ proposed acquisition of the Australian surf brand.

Chief executive, Dave Tanner, said: “We have now cleared a significant milestone. We look forward to uniting the Billabong and Boardriders communities and building a foundation to better showcase and grow the action sports industry.”

Subject to final approvals, the companies expect the transaction to close on or around April 24.