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RAD currently mkt value @ $2.14B, what a joke! Not to long ago WBA offer $9.00 a share, I think AMZN will offer $10.00 per share for the balance of RAD once WBA deal completed! :)) Cha-Ching? I'd buy before selling. If your down 50% cost average down ?
AMZN does buy remaining RAD?
M and A's do not so public and or happen over night, too much bs, however sooner than later I'm thinking since the cat's out of the bad thanks to David Faber.
Google is working with a financial adviser to consider a potential bid for Twitter Inc., as the social-media company continues to explore a sale, according to a person familiar with the arrangement.
In tapping Lazard Ltd., Google hasn’t indicated it will definitely make an offer for Twitter. But the move suggests that Google is evaluating the option, pitting the search giant against other potential bidders including Walt Disney Co. and Salesforce.com Inc.
Gina Scigliano, a Google spokeswoman, declined to comment. A Lazard spokeswoman couldn’t be reached for comment.
Twitter hired Goldman Sachs Group Inc. and Allen & Co. to solicit potential buyers after receiving interest from Salesforce, people familiar with the situation have said. The company, which has seen user growth stagnate for more than a year, has been trying to reshape its identify by focusing on video and live events.
Court more than likely to approve Oaktree/ZQKSQ deal on Jan. 25th, 2016!
Delays cost everybody unnecessary moneys.
ZQKSQ DISCLAIMER
THE DISCLOSURE STATEMENT CONTAINS SUMMARIES OF CERTAIN PROVISIONS OF THE DEBTORS’ PLAN AND CERTAIN OTHER
DOCUMENTS AND FINANCIAL INFORMATION. THE INFORMATION INCLUDED IN THE DISCLOSURE STATEMENT IS PROVIDED FOR THE
PURPOSES OF SOLICITING ACCEPTANCES OF THE PLAN AND PROVIDING INFORMATION REGARDING RELATED TRANSACTIONS AND
SHOULD NOT BE RELIED UPON FOR ANY PURPOSES OTHER THAN TO DETERMINE WHETHER AND HOW TO VOTE ON THE PLAN AND
WHETHER TO PARTICIPATE IN RELATED TRANSACTIONS. THE DEBTORS BELIEVE THAT THESE SUMMARIES ARE FAIR AND ACCURATE.
THE SUMMARIES OF THE FINANCIAL INFORMATION AND THE DOCUMENTS WHICH ARE ATTACHED TO, OR INCORPORATED BY REFERENCE
IN, THE DISCLOSURE STATEMENT ARE QUALIFIED IN THEIR ENTIRETY BY REFERENCE TO SUCH INFORMATION AND DOCUMENTS. IN THE
EVENT OF ANY INCONSISTENCY OR DISCREPANCY BETWEEN A DESCRIPTION IN THE DISCLOSURE STATEMENT AND THE TERMS AND
PROVISIONS OF THE PLAN OR THE OTHER DOCUMENTS AND FINANCIAL INFORMATION INCORPORATED IN THE DISCLOSURE STATEMENT
BY REFERENCE, THE PLAN OR THE OTHER DOCUMENTS AND FINANCIAL INFORMATION, AS THE CASE MAY BE, SHALL GOVERN FOR ALL
PURPOSES.
THE STATEMENTS AND FINANCIAL INFORMATION CONTAINED IN THE DISCLOSURE STATEMENT HAVE BEEN MADE AS OF THE DATE
OF THE DISCLOSURE STATEMENT UNLESS OTHERWISE SPECIFIED. HOLDERS OF CLAIMS AND INTERESTS REVIEWING THE DISCLOSURE
STATEMENT SHOULD NOT ASSUME AT THE TIME OF SUCH REVIEW THAT THERE HAVE BEEN NO CHANGES IN THE FACTS SET FORTH IN THE
DISCLOSURE STATEMENT SINCE THE DATE OF THE DISCLOSURE STATEMENT.
EACH HOLDER OF A CLAIM ENTITLED TO VOTE ON THE PLAN SHOULD CAREFULLY REVIEW THE PLAN AND THE DISCLOSURE
STATEMENT IN THEIR ENTIRETIES BEFORE CASTING A BALLOT. THE DISCLOSURE STATEMENT DOES NOT CONSTITUTE LEGAL, BUSINESS,
FINANCIAL, OR TAX ADVICE. ANY ENTITIES DESIRING ANY SUCH ADVICE SHOULD CONSULT WITH THEIR OWN ADVISORS.
NO REPRESENTATIONS CONCERNING THE DEBTORS OR THE VALUE OF THEIR PROPERTY HAVE BEEN AUTHORIZED BY THE DEBTORS
All old news.....
M&A will cancel all their plans!!
Allot can happen in 7 weeks...
A real Quiksilver M&A!
Judge wants to see a better bid for Quiksilver!
With Quiksilver's USA debt being cancelled, buyer's will start a bidding war!!
We have till January's 25th court date before the fat lady clears her throat.
What shall I do, Buy/Sell or Hold, what to do, what to do, hhmmm.
Buy/Sell/Hold
If you liked ZQKSQ @ .02, you should love it at .01 even more.
We have till January 24, 2016 for a real M&A to show up.
Oaktree deal is a joke!
Ride the wave till then, Buy/Sell/Hold.
Do your own due-diligence.
smart man!
Cherokee Global Brands Buys Flip Flop Shops - Quick Facts
October 19, 2015, 09:05:00 AM EDT By RTT News
(RTTNews.com) - Cherokee Global Brands announced that it has acquired Flip Flop Shops, a franchise retail chain dedicated to offering the hottest brands and latest styles of flip flops, casual footwear and accessories.
Flip Flop Shops currently has over 90 retail franchise shops in the US, Canada, Caribbean, Middle East and South Africa, and over 100 additional retail shops already in development worldwide. Its locations carry definitive assortments of recognized brands including OluKai, SANUK, Cobian, Havaianas, Quiksilver, ROXY, Reef, and many more.
Read more: http://www.nasdaq.com/article/cherokee-global-brands-buys-flip-flop-shops--quick-facts-20151019-00554#ixzz3tINzae7o
Yes they did, in so many words!
American Airlines (ZQKSQ) here we come!!
Oaktree would hate like hell not to get their hands/control of Quiksilver ("God forbid") if and when, Quiksilver will be immediately sold, buyer's lined up.
Oaktree hoping praying no M&A shows up prior!
Judge wants to see a better deal for Quiksilver.
Judge rejecting Oaktree's penalty clause a good sign for M&A's.
Brigade Capital, which is championed by Quiksilver’s
Open court competing proposal from Brigade Capital, which is championed by Quiksilver’s unsecured creditors. We need a better M&A!
Brigade Capital, which is championed by Quiksilver’s
Open court competing proposal from Brigade Capital, which is championed by Quiksilver’s unsecured creditors. We need a better M&A!
Quiksilver to Begin Polling Creditors, Can Pay Bonuses
Stephanie Gleason
December 01, 2015
(c) 2015 Dow Jones & Company, Inc.
Surf retailer Quiksilver Inc. received bankruptcy court approval Tuesday to begin polling creditors on a bankruptcy-exit plan that promises an increased recovery for unsecured creditors, as well as permission to implement a $1.47 million bonus plan for three top executives.
Judge Brendan Shannon of the U.S. Bankruptcy Court in Wilmington, Del., signed off on each motion during a hearing Tuesday, and set out a rough timeline for what is expected to be a contested confirmation hearing--three days in late January, early February....
Northern Small Cap Core added 279,800 ZQKSQ shares on 09/30/201,
currently holding 22,766.480 shares.
GMT Capital Corp bought 2,748,700 ZQKSQ shares on 09/30/2015
These major institutions that still hold ZQKSQ will have something to say about Oaktree's bid
Major Shareholders ZQKSQ
FundsInstitutions
Name Shares
Held % Total
Shares Held Shares
Change % Chg from
Prior Port % Total
Assets Date of
Portfolio
Government Pension Fund of Norway - Global 1,052,129 0.62 163,132 18.35 0 12/31/2013
Principal Life Insurance Co 554,104 0.32 -2,992 -0.54 0 12/31/2014
Nortel Networks Retirement Income Plan 131,700 0.10 0 0 0.11 12/31/2007
Prudential Retirement Ins & Annuity Co 249,348 0.14 -196,661 -44.09 0 12/31/2014
Minnesota Life Insurance 85,300 0.05 11,700 15.90 0 12/31/2014
Polygon Management Ltd 212,307 0.12 0 0 0.05 06/30/2015
Master Trust for Joint Administration of Pension Plans 64,000 0.05 64,000 New 0.01 12/31/2009
PRIMECAP Management Company 5,360,000 3.11 -539,000 -9.14 0 09/30/2015
Rockwell Automation Pension Plan 47,600 0.04 47,600 New 0 12/31/2009
Bank of America Pension Plan 47,300 0.04 47,300 New 0 12/31/2009
Metropolitan Life Insurance 40,252 0.02 765 1.94 0 12/31/2014
Merrill Lynch & Co Inc 90,214 0.05 -134,212 -59.80 0 06/30/2015
The New York Post reported that a Quiksilver-Billabong combination was being considered, citing a source close to the matter that it didn’t name.
The case is In re Quiksilver Inc., 15-11880, U.S. Bankruptcy Court, District of Delaware (Wilmington).
Filing for Chapter 11 would mean that you can always abandon the expensive leases, which makes it easier for a buyer to keep costs down.
Peter J. Solomon Co. is an advisor to the company on a possible sale, according to the people. Bloomberg News that Quiksilver had hired the company to seek additional financing. FTI Consulting, Inc. also help the retail chain with its operations, the people said.
Authentic Brands
If a strategic buyer can’t be found, a company Authentic Brands Group, which owns the Spyder Active Sports and Tretorn, would be interested in the Quiksilver name, according to one person.
Representatives of Quiksilver, Peter J. Solomon, and the FTI has declined to comment. Authentic Brands, based in New York, did not respond to a request for comment.
Speaking on the future creative direction of Quiksilver, Global President, Pierre Agnes stated, “We want to live and document real travel stories and experiences from people within our brand, and in the process connect with local artists, musicians, designers, and grow our creative community. Collaborating, looking for positives and documenting this process allow us to respond and develop a unique visual language that’s raw, honest and undeniably Quiksilver.
Channel Island New Year Giveaway
“Our lifestyle is about finding positives. Getting stoked. Keeping the high.
It’s Quiksilver’s job to remind everyone of that spirit. Stay high!”
During early 2016, Quiksilver will for the first time introduce the brand narrative ‘Stay High’, divided into two distinct stories: the AM and PM collection. Supported with strategic consumer segmentation and tiered product positioning targeting the lifestyle fashion market, the stories complete each other to create a cohesive line and will pay homage seasonally to a relevant destination. This season, the creative team immersed themselves in Rio de Janeiro and drew their inspiration from the unique culture of Brazil – from the brighter colors of São Conrado beach to the darker side of the Rocinha Favelas.
The Surf Tripp AM collection is a daytime style inspired by iconic 80’s surf wear. This collection brings bright popping colors, loose brush work with irreverent humor, mixing up traditional surf fabrics like nylon, corduroy, terry toweling, flannels and knits into fashion forward combinations.
The Dark Rituals PM collection represents street culture and nighttime styles with inspiration from tough, serious graphics from Quiksilver’s darker side of the 1990’s.
To launch the new “Stay High” campaign in Indonesia, Quiksilver will partner with the hottest rock n roll band in Indonesia at the moment – Kelompok Penerbang Roket (KPR), on a 3 stop tour of Bali.
It's all about DD.
It's all about market makers till we see a real M & A.
I'm buying on the dips.
Oaktree wants a slam dunk quick deal avoiding a bidding war!
Judge wants to see a better deal!
It's a no-brain'r, at least till January 25th court date.
Yes...
I got this information snail mailed to me from my broker.
You will be able to find this sort of information at http:www.keellc.net/quiksilver.
Hope this helps your DD.
Next Court Hearing Tomorrow
Next court date Dec. 01, 2015 ("Disclosure Statement Hearing") before the Honorable Brendan L. Shannon at 10:30 am eastern time.
Votes on the plan may not be solicited unless and until the disclosure statement is approved by order of the Bankruptcy Court.
Responses must be filed by 12 pm Nov. 30, 2015
Hedgies in unexpected race to control Quiksilver amid bankruptcy
Hedgies in unexpected race to control Quiksilver amid bankruptcy
By Josh Kosman October 10, 2015 | 12:25am
Dude, get off my wave!
Howard Marks’s Oaktree Capital Management is running into unexpected competition in its bid to gain control of Australian-born surfing brand Quiksilver, The Post has learned.
The company, which also owns the Roxy women’s wear and DC shoe brands, filed for bankruptcy protection for its US business on Sept. 9, along with a detailed restructuring plan that calls for senior debtholder Oaktree to assume majority control of the company after exiting bankruptcy.
The distressed investor’s turnaround plan calls for combining Quiksilver with Billabong, Australia’s largest surf wear brand which Oaktree already co-owns, said a source close to the situation.
Oaktree has offered Quiksilver $175 million in debtor-in-possession financing so it can operate while it works through bankruptcy, although it comes with a steep 12.5 percent interest rate, the source said.
LA-based Oaktree wants to speed Quiksilver through bankruptcy without having to square off with other bidders in an auction, according to the source.
“Oaktree is trying to fast-track the bankruptcy and hopes no one shows up,” the source added.
However, rival hedge fund Brigade Capital has told a Delaware bankruptcy court judge that it is prepared to offer a $115 million DIP loan at a lower interest rate, the source said.
Under Oaktree’s restructuring, junior Quiksilver creditors would get a very low recovery, so they have an incentive to support Brigade and push for a more open and lengthy process, the source said.
Oaktree, Quiksilver and Brigade declined to comment.
I'm buying too!!!
Your funny with your half truth's.
Next court date Dec. 01, 2015 ("Disclosure Statement Hearing") before the Honorable Brendan L. Shannon at 10:30 am eastern time (tomorrow).
Today responses or objections will be filed...
Visit, www.kcclle.net/quiksilver
Article is very relative....
Shows Oaktree wants Quiksilver not just their investment back!!
Hedgies in unexpected race to control Quiksilver amid bankruptcy
By Josh Kosman October 10, 2015 | 12:25am
Dude, get off my wave!
Howard Marks’s Oaktree Capital Management is running into unexpected competition in its bid to gain control of Australian-born surfing brand Quiksilver, The Post has learned.
The company, which also owns the Roxy women’s wear and DC shoe brands, filed for bankruptcy protection for its US business on Sept. 9, along with a detailed restructuring plan that calls for senior debtholder Oaktree to assume majority control of the company after exiting bankruptcy.
The distressed investor’s turnaround plan calls for combining Quiksilver with Billabong, Australia’s largest surf wear brand which Oaktree already co-owns, said a source close to the situation.
Oaktree has offered Quiksilver $175 million in debtor-in-possession financing so it can operate while it works through bankruptcy, although it comes with a steep 12.5 percent interest rate, the source said.
LA-based Oaktree wants to speed Quiksilver through bankruptcy without having to square off with other bidders in an auction, according to the source.
“Oaktree is trying to fast-track the bankruptcy and hopes no one shows up,” the source added.
However, rival hedge fund Brigade Capital has told a Delaware bankruptcy court judge that it is prepared to offer a $115 million DIP loan at a lower interest rate, the source said.
Under Oaktree’s restructuring, junior Quiksilver creditors would get a very low recovery, so they have an incentive to support Brigade and push for a more open and lengthy process, the source said.
Oaktree, Quiksilver and Brigade declined to comment.
Dude, get off my wave!
Howard Marks’s Oaktree Capital Management is running into unexpected competition in its bid to gain control of Australian-born surfing brand Quiksilver, The Post has learned.
The company, which also owns the Roxy women’s wear and DC shoe brands, filed for bankruptcy protection for its US business on Sept. 9, along with a detailed restructuring plan that calls for senior debtholder Oaktree to assume majority control of the company after exiting bankruptcy.
The distressed investor’s turnaround plan calls for combining Quiksilver with Billabong, Australia’s largest surf wear brand which Oaktree already co-owns, said a source close to the situation.
Oaktree has offered Quiksilver $175 million in debtor-in-possession financing so it can operate while it works through bankruptcy, although it comes with a steep 12.5 percent interest rate, the source said.
LA-based Oaktree wants to speed Quiksilver through bankruptcy without having to square off with other bidders in an auction, according to the source.
“Oaktree is trying to fast-track the bankruptcy and hopes no one shows up,” the source added.
However, rival hedge fund Brigade Capital has told a Delaware bankruptcy court judge that it is prepared to offer a $115 million DIP loan at a lower interest rate, the source said.
Under Oaktree’s restructuring, junior Quiksilver creditors would get a very low recovery, so they have an incentive to support Brigade and push for a more open and lengthy process, the source said.
Oaktree, Quiksilver and Brigade declined to comment.
Judge Shannon told Quiksilver that he wants to see a better deal than Oaktree is offering.
He allowed the Quik/Oaktree deal to move forward as long as Quik made a real effort for a better deal.
If this garbage deal is allowed come January 25, we'll see an IPO and a USA Quik, Billabong merger...
If court allows current BK plan, with most debt forgiven in place, why wouldn't a buyer just come along and scoop up Quiksilver, with Oaktree holding their secured position with all the others that have secured positions....
Quiksilver For Sale 03/09/2015Written by Karin Bosteels
Quiksilver, founded in 1969, currently has some 700 stores of its own and generates half of its turnover outside the borders of the United States. Its management is allegedly looking for a buyer that can bring the company back on track, maybe after filing for a Chapter 11 which would eliminate (parts of) its debt.
...
Judge Shannon wants to see a better deal for Quiksilver!
Still Hope For Common Shareholders?
Weird BK only with Quiksilver's USA operations.
Everything's weird about ZQKSQ's BK, DIP right out of the gate in bed with Oaktree.
If everything stay's status quo, Billabong and Quik USA will merge for certain.
Quik's ASIA, Europe will prosper.
Stock back on NYSE with an IPO.
A better M&A not out of the question, stock would soar.
Common shareholders still in on the action till January 25, 2016's court ruling, all bet's are off till then.
Judge Shannon wants to see a better deal for Quiksilver, ton's of time to stop Oaktree's junk deal.
Institutions bought/buying ZQKSQ stock after the BK announcement!
M&A can happen at any time!
Quiksilver, Inc. (NYSE:ZQK) (the "Company") today announced financial results for its fiscal 2015 second quarter ended April 30, 2015.
Pierre Agnes, Chief Executive Officer, stated, "Our second quarter performance came in largely as expected with revenues adjusted for currencies and licensed categories essentially stabilized. We also reduced operating expenses, which allowed the Company to meet its EBITDA goal for the quarter on a constant currency basis. We are encouraged by customer feedback on our Spring '15 product offering across all brands. In addition, as our order book for the Fall '15 product line continues to develop, we are confident in our ability to drive revenue growth in the medium term. Overall, we are quite happy with our product lines."
Mr. Agnes continued, "Currency exchange fluctuations are a major headwind this year, with a negative impact of roughly thirty million dollars to the initial EBITDA guidance for fiscal 2015. Also, we are still working on execution issues that are going to impact our business in the second half of this year, particularly in North America where sales and margins are affected by poor deliveries and an evolving distribution channel strategy. The Company had expected significant profit improvement in North America in the back half of the year when it provided guidance for fiscal 2015. We are still confident this improvement can be achieved, but not in that time period. We have a number of important steps underway that we believe will take our Company forward, including recommitting to our roots while at the same time enabling us to execute our business more effectively. We have reorganized the Company and have a tremendously talented team in place that is focused on delivering significant and sustainable EBITDA growth in 2016 and the following years."
On SEP 10, 2015 | 05:36 EDT
B. Riley downgraded Quiksilver to Neutral and dropped coverage of the name after the company filed for bankruptcy.
What a Joke!
Backroom deal put in play months before BK announced!.
If Judge lets this junk deal goes through, maybe judge Shannon will/should be investigated.
If this Oaktree deal goes through (NOT!) on January 25, stock will be relisted on the NYSE for over $2.00 a share allowing Oaktree to sell their shares, making tons of cash hand over fist, while common stock holders get screwed. I do not think so! If anyone can put a wrench into that deal they will. A real M&A should show up!
We'll see :--))
Wonder who told American Airlines stock holders the same stories?
People made millions!!! Buying/Holding!!
ZQKSQ story not over till court says so.
Judge Shannon wants Quiksilver to pursue a better deal!!
Plenty of interest out there, maybe just buying up as much stock as possible, before any kind of announcement?
Mid January court hearing pivotal, January 25 may be judgement day?
It's not over till the fat lady sings!
GMT Capital Corp's 2 million 748 thousand 7 hundred shares that they bought for approx.
$28,000.00 is worth $1,374,350.00 (@ .50 cents) if news of a real M&A shows up. Three Million if ZQKSQ is bought for a buck a share!
Oaktree's DIP deal is very poor at best for this billion dollar company, that only needs to get it's act together in the USA. Asia, Europe doing very well, thank you very much.
Quiksilver's expenses way out of the industries norm's by approx. 30%.
They would be profitable at the norms!
Add a little marketing, merger or acquisition and wallah!!
Major Shareholders Buying ZQKSQ
GMT Capital Corp bought 2,748,700 ZQKSQ shares on 9/30/15
also
BNP & Simplex Trading also bought 9/30/15
hmmm
What a joker!
Wait for better M&A ....
These jokers teaming up to take your shares!
Judge wants to see a better deal for Quiksilver!
Important court hearings mid January and January 25th.
Buy hold till at least the mid January hearing, judge to hear from unsecured investors.
Institutional players already bought ZQKSQ stock!!
Judge Shannon wants to see Quiksilver make an effort for a better deal than Oaktree is offering.
Is a more suited merger or acquisition coming for Quiksilver?
Buy/Hold.
Mid January and January 25 important court dates!
ZQKSQ Next reporting date December 10, 2015
Growth & Valuation
Earnings growth (this year) +4.22%
Earnings growth (next 5 years) +15.00%
Revenue growth (last year) -13.26
Price/Sales 0.19
Price/Book 0.04
Next reporting date December 10, 2015
EPS forecast (this quarter) -$0.11
Annual revenue (last year) $1.6B
Major M&A should be announced soon, Oaktree's bid shown the door!