Billabong International Limited
(ASX:BBG) shares are in a trading halt ahead of an update about its potential takeover.
Billabong is currently in talks with a consortium, including the retailer's US-based executive Paul Naude and private equity firm Sycamore Partners.
Sycamore Partners has made a $287 million offer for the Australian retailer.
The talks are due to end on Wednesday, after the negotiating period was recently extended for a further 10 days.
The halt will last until Thursday at the latest, or until the release of its announcement.
Despite the ongoing talks with Sycamore, Billabong has said there is no guarantee a takeover will proceed.
Billabong reported a net loss of $536.9 million in the first half of fiscal 2013.
