Tod’s Surges, Saras Dips Amid Buyout Buzz

Shares in Tod’s Soar and Saras Slump as Buyout Offers Surface

Shares in Italian luxury shoemaker Tod’s experienced a significant surge on Monday, while those of oil refiner Saras plummeted, after both companies received buyout offers over the weekend. This development has further highlighted the growing concern over the dwindling capitalization of Italy’s stock exchange, as well as the increasing number of companies opting to relocate abroad. Notably, industry professionals and large foreign investors have criticized the government’s proposed measures to tackle this trend.