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.Â
L Catterton will pay âŽ43 per share for its stake with a total value of âŽ512 million, representing an 18% premium over the closing value of Tod's shares on Friday. The deal values Tod's at around âŽ1.4bn excluding debt.Â
āđāļĢāļīāđāļĄāđāļāļĢāļāļāļąāļāļāļĩāļ§āļąāļāļāļĩāđ āļŦāļĢāļ·āļ āļĨāļāļāđāļāđāļāļąāļāļāļĩāļāļāļĨāļāļāđāļāļāđāļĢāđāļāļ§āļēāļĄāđāļŠāļĩāđāļĒāļ
āđāļāļīāļāļāļąāļāļāļĩ āļĨāļāļāļāļąāļāļāļĩāđāļāđāļĄāđ āļāļēāļ§āļāđāđāļŦāļĨāļāđāļāļāļĄāļ·āļāļāļ·āļ āļāļēāļ§āļāđāđāļŦāļĨāļāđāļāļāļĄāļ·āļāļāļ·āļThe company's shares are currently gaining nearly 18%.
Source: xStation
