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I just realized that Suzuki Solio is no longer in the new car price list and the car was not present at the car show in Expo. I thought Solio was just launched end of last year? Anyone knows?
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BILLABONG shares have plunged to a 22-year low after TPG announced today that it was walking away from the takeover bid. The equity group dumped its $694.5 million offer for the troubled surfwear company sending Billabong shares to plummet 17 per cent. Billabong chief Launa Inman would not be drawn on what quashed the conditional $1.45 a share offer. "It is not appropriate for me to comment. It really was their concerns not ours," Ms Inman told reporters this morning. The two companies have been locked in talks since then July when TPG made the initial offer. Billabong has previously said the private equity offer was too low. Ms Inman revealed TPG contacted her soon after the markets closed last night to say the deal was off. Billabong shares were down 7.4 per cent to $1 by mid morning. The company's share was at $3.59 in November last year. This is the second private equity firm to walk away from Billabong in recent months, Bain Capital withdrawing its offer in late September. Reports suggesting TPG was considering pulling the pin on its proposed takeover caused Billabong shares to plunge by as much as 22 per cent on October 10. Billabong said at the time that TPG had not withdrawn from the sale process, but the two companies were working through the private equity firm's concerns about the business. Billabong on Friday said its transformation strategy, which involves store closures, reduced product lines and expansion of its online business, would continue to be implemented. "The board is pleased with the progress around implementation of the transformation strategy and structural organisational change being driven by CEO Launa Inman,'' chairman Ted Kunkel said in a statement. "Acting in the best interests of shareholders has meant that we have remained focused on implementing the transformation strategy throughout the formal process.'' The company also reiterated its financial guidance for the 2012/13 financial year. Billabong expects its earnings to be in the range of $100 million to $110 million, up from $84 million in 2011/12. "Based on first quarter performance, Billabong is on track to achieve this guidance,'' the company said.
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Source: Batman pulled over! for Batman. The world need more 'superhero' like him, despite being rich, still find time to bring joy to the kids.
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Unwittingly drove off without releasing the handbrake today. Leads me to wonder why the accelerator can override the handbrake, anyone knows? It seems to me it is safer if handbrake overrides accelerator. Makes me also a little worried that my car mechanism will be damaged if I make such mistakes or that the handbrake will one day fail after parking the car...
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Yo, Mr Swift Driver, SJJ - pulled over by TP this morning on TPE towards Changi - w was your crime? And did he scold you for being such a sotong? Wah Lau - I watch ok...TP Bike, lights on, pull in front wave you to side (I middle lane, even slow down to let TP bike merge back to side)...you ignore...he ride beside you again, and wave again....you switch to lane 2...but keep driving, he come beside and wave AGAIN...finally you unnerstand and move to shoulder just before Changi Road North... So how - what did you get in trouble for?