Billabong International Limited’s
(ASX:BBG) second mystery bidder has officially withdrawn its offer.
Earlier this month the surfwear retailer announced it had received a rival takeover offer to US private equity firm TPG Capital.
The non-binding and conditional proposal was at the same level offered by TPG at $1.45 per share, valuing Billabong at about $694 million.
TPG now remains as the only suitor as discussions continue.
Billabong International posted a net loss of $277 million in the 2012 financial year.
