Skis Rossignol shares jumped early on Monday after a French newspaper reported that Quiksilver Inc. was making a bid for the company. Rossignol is “a company we are looking at more closely, even though it is not the only possibility”, said Bernard Mariette, Quiksilver’s president, in an interview with French newspaper Les Echos.
Rossignol reportedly confirmed that Quiksilver had approached it to discuss a merger but said the Boix Vives family, which owns a 45% stake in Rossignol and 63% of its voting rights, had not yet decided to sell its holding.
“The Boix Vives family remains very passionate about the group and for the moment has not made a decision on selling its stake,” said Yves Barnoud, the company’s COO, in a Reuters report. Rossi supervisory board Chairman Laurent Boix Vives told Les Echos that Rossignol had not yet responded to a letter of intent from Quiksilver.
Nike and K2 Inc. were also mentioned as potential suitors.
