Industry stocks leaped 19.3% higher in local currencies last year with all segments and regions posting gains, rebounding strongly from a flat performance in 2016 and buoyed by exuberant stock markets around the globe.

The deal values Billabong at A$197.7 million ($155 mm) at A$1 per share and represents a 28% premium over the recent trading price.

The Monika Taylor case against the Eager Beavertons has been dismissed with prejudice as far as the plaintiff was concerned and was dismissed without prejudice as far as the class action plaintiffs are concerned.

The reigning U.S. Open women’s champion’s contract with Under Armour, which has had her as an athlete for seven years, expired and the Eager Beavertons outbid Under Dog, Adidas and Uniqlo.

The action camera maker cut 200-300 jobs in its aerial division, responsible for the Karma drone that had a rocky launch in Fall 2016 followed by a recall.