Quiksilver Hires Investment Bank Peter J. Solomon

josh hunter

• March 11 2009
• 628 views
• 1 comment

According to a report from Reuters, Quiksilver has hired investment bank Peter J. Solomon to help find funding or an investor to help improve Quiksilver’s current liquidity position. The company’s Chairman, Peter J. Solomon was featured in this Bloomberg TV interview discussing mergers and acquisitions in the midst of a recession late last year.

From Reuters:

Quiksilver, which posted a smaller-than-expected quarterly loss on Wednesday, is seeking to raise funds in Europe or find an investor to buy a stake in the company, the sources said.
Quiksilver was not immediately available to comment. Peter J Solomon said it does not comment on rumors or speculation as a matter of company policy.
As part of its fiscal first-quarter earnings announcement, Quiksilver reiterated that it had been exploring a range of strategic and financing alternatives to improve its liquidity position and capital structure.

Read the full story HERE and stay tuned to Transworld Business for Market Watch Columnist Jeff Harbaugh’s analysis of Quiksilver’s Q1 conference call.