wwd
Dec 12
577
0.04%
Plans to delist the @Tods Group have come to a halt.
The luxury group will remain a publicly traded company for the time being as the Della Valle family said late Friday that its plan to delist through a merger of Tod’s SpA and DeVa Finance, the latter entirely held by DI.VI. Finanziaria di Diego Della Valle & C., is no longer in the cards.
“The price of 40 euros per share offered to the market was the result of a careful analysis carried out with correctness and transparency. However, we noted that some of our shareholders believed the value of the Tod’s group to be significantly higher than our valuation and preferred to remain in possession of their shares,” said Diego Della Valle, sole director of DeVa Finance as well as chairman, chief executive officer and controlling shareholder of Tod’s.
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Report: @martinocarrera
wwd
Dec 12
577
0.04%
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