The $210 million sale of Billabong to Quiksilver parent company Boardriders has gone ahead.
Billabong shareholders have voted in favour of the deal, with Boardriders spectacularly lifting its bid as the meeting convened.
Boardriders raised its bid from $1 a share to $1.05.
Some 95% of votes cast at the meeting approved the scheme.
The scheme remains subject to court approval prior to being implemented.
A hearing will take place at the Federal Court of Australia on April 6.