Billabong said it will be evaluating the offers over about six weeks. It said it will be determining whether it can secure a bid "at a price and on terms the board would recommend."
Billabong sold half of its Nixon Inc. watches and accessories brand and cut hundreds of jobs in 2012. It includes brands like Palmers Surf and Von Zipper, as well as its namesake brand.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.
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