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Huntington Beach Surfing Information:
Rossignol Confirms Quiksilver Approach
Quiksilver Huntington Beach California world headquarters
Sign in front of Quiksilver headquarters building in Surf City California

Posted on Mon, Jan. 03, 2005

Associated Press

French sports equipment maker Skis Rossignol SA confirmed Monday that it has been approached by U.S. sportswear company Quiksilver Inc. about a possible merger.

Quiksilver recently made contact with Rossignol management to discuss a possible deal, said Yves Barnoud, a spokesman for the French family-controlled company. Barnoud said no decision had been made about any possible deal.

No one at Huntington Beach, Calif.-based Quiksilver Inc. was available for comment.

Rossignol shares surged on the news, closing up 5.71 percent at 16.28 euros ($21.99), in Paris.

Quiksilver shares rose 16 cents, or 0.5 percent, to finish at $29.95 on the New York Stock Exchange.

French financial daily Les Echos had reported that Chairman Laurent Boix-Vives was considering offers from Quiksilver and other companies that the report did not identify.

Rossignol had revenue of 479 million euros ($652 million) in 2003-2004, about 60 percent of which came from ski equipment and apparel.

Quiksilver, whose sportswear is popular among surfers and skateboarders, posted revenue of $975 million in 2003.