Billabong Founder and Board Member Gordon Merchant has spent just over $1 million for the second time in two weeks to buy more Billabong stock.
According to filings with the Australian Securities Exchange, Gordon acquired 1.7 million shares last week on the open market.
He now owns 100.5 million shares of company stock.
Billabong’s stock price closed at AUD 67 cents in trading Monday in Australia.
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