On June 30, 2010, West 49 Inc. (TSX: WXX) announced that it has agreed to be acquired by Australia-based extreme-sports retailer Billabong International Ltd. for C$83.2 million. The deal, which will increase Billabong's number of stores in North America from 90 to 230, is expected to close in September.
In early July, U.S. teen apparel retailer Zumiez Inc. expressed an interest in West 49, but it has since withdrawn its expression of interest.
West 49 is based in Burlington, Ontario. It sells sporting goods, such as skateboards, snowboards, and related clothing and fashion accessories, through its 138 stores in nine provinces under the banners West 49, Billabong, Off the Wall, Amnesia/Arsenic and D-Tox.
Further information is found on Financial Post and Reuters.