Editor’s note: I have since been told my sources that Altamont, not VF, is still involved in negotiations. Click here to read that story.

The Wall Street Journal is reporting that VF Corp. and Altamont Capital Partners are back in pursuit of Billabong after the exclusivity period for negotiations with Sycamore Partners and Paul Naude ended without a deal.

The paper, citing unnamed sources close to negotiations, said both Naude’s group and VF’s group are still vying to buy the company.

I have not confirmed this independently.

The exclusivity period ended this week, and Billabong yesterday requested that trading in its stock be suspended so that it can “can progress discussions with interested parties.”

Both parties originally offered AUD $1.10 a share, but after Billabong reported weak first half earnings and cut its forecast, those offers dropped. Billabong said Sycamore’s offer declined to 60 cents per share, or about AUD $287 million. VF’s offer was not publicized.

Billabong’s stock had fallen to 45 cents per share when trading was halted this week.