Tod’s Acquisition Bid: Shareholders Split on Offer

Luxury shoemaker Tod's saw a 17.4% increase in shares after receiving an acquisition bid from L Catterton. The bid, supported by the Della Valle founding family, aims to acquire 36% of Tod's and take the company private. However, some analysts believe the bid undervalues the company's brands. Diego Della Valle plans to tender his stake, with LVMH and L Catterton retaining their stakes. The outcome and impact of the bid on Tod's operations remain uncertain.