Reuters: Technology News: Australia's Rip Curl says has received approaches

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Australia's Rip Curl says has received approaches Sep 17th 2012, 03:39 MELBOURNE | Sun Sep 16, 2012 11:39pm EDT MELBOURNE (Reuters) - Australia's Rip Curl surfwear company said on Monday it has received unsolicited approaches from several international companies looking to invest in the privately held firm. Rip Curl said in a statement it has appointed Bank of America Merrill Lynch to advise on exploring these opportunities and assess the merits of introducing an investor to the group. Earlier, a source told Reuters that Rip Curl, founded in 1969, could fetch up to A$480 million ($506 million) in a full sale.

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