Tod's with potential delisting deal; shares gain 18% 📈

2:21 PM 12 February 2024

Italian luxury goods group Tod's (TOD.IT) is in the process of negotiating an exit from the Milan Stock Exchange with LVMH-backed private equity firm L Catterton ending more than two decades as a public company.

L Catterton will pay €43 per share for its stake with a total value of €512 million, representing an 18% premium over the closing value of Tod's shares on Friday. The deal values Tod's at around €1.4bn excluding debt.

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The company's shares are currently gaining nearly 18%.

Source: xStation

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