Quiksilver Buys Rossignol

Quiksilver, on Tuesday announced a friendly takeover bid for Skis Rossignol in a deal to create a sports equipment and apparel group with revenue of almost $2.64 billion.

Quiksilver, which makes equipment and clothes for skateboarding, snowboarding and surfing, said it was offering €19 for each share of Rossignol, valuing the French family-owned ski maker at €236.5 million, or $311.5 million.