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.
The company's shares are currently gaining nearly 18%.
Source: xStation
All or nothing: āļāļĢāļĩāļ§āļīāļ§āļāļĨāļāļĢāļ°āļāļāļāļāļēāļĢ ServiceNow
āļāļĢāļēāļāļāļĢāļ°āļāļģāļ§āļąāļ: AI āļŦāļāļļāļāļāļĨāļēāļāļāļēāļāļķāđāļ â Tesla āđāļĨāļ° Google āļāļ°āļĢāļąāļāļĐāļēāđāļĄāđāļĄāļāļāļąāļĄāļāļĩāđāđāļāđāļŦāļĢāļ·āļāđāļĄāđ?
Economic Calendar: āļāļąāļāļāļēāļāļĨāļāļĢāļ°āļāļāļāļāļēāļĢ Tesla āđāļĨāļ° Google
Morning Wrap: āļŦāļļāđāļ AI āđāļĨāļ°āļāļāļāļāļģāļāļĨāļąāļāļĄāļēāđāļāđāļĢāļąāļāļāļ§āļēāļĄāļŠāļāđāļāļāļĩāļāļāļĢāļąāđāļ?
