Tod’s Strikes Deal to Delist from Milan Stock Exchange, Hand 36% Stake to L Catterton
Luxury goods company Tod’s has announced plans to delist from the Milan stock exchange and offer a 36% stake to private equity firm L Catterton, which is backed by luxury conglomerate LVMH. The deal, worth €512.3 million ($552.4 million), will see L Catterton pay €43.00 per share for the stake, according to Tod’s.
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