January 4, 2018 / 11:35 PM / 6 months ago

Boardriders Inc to buy Australia's Billabong for about $155 mln

Jan 5 (Reuters) - Sports apparel seller Billabong International Ltd said on Friday it had entered an agreement with Boardriders Inc for the U.S.-based firm to buy the company for about A$197.7 million ($155 million).

The bid of A$1 per share made by Boardriders represents a premium of 4.2 percent to Billabong's closing price on Thursday.

$1 = 1.2716 Australian dollars Reporting by Aaron Saldanha in Bengaluru; Editing by Stephen Coates

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