L Catterton, backed by LVMH, plans to offer €43 per share in a tender offer for 36% of Tod's, at a 17.6% premium to Friday's closing price. Blackstone is also considering a bid for skin-care company L’Occitane. Tod's stock rose 17% on the news.
Tod’s owner bid hardly looks luxurious for minority investors https://t.co/kA21ECyqfC | opinion
Tod's rises 17% on L Catterton bids to help owner's delisting plan https://t.co/wnc4cXHYOg https://t.co/C22otqBSGl
Blackstone is considering a bid for skin-care company L’Occitane, sources say https://t.co/IFUTPbkyBl
LVMH-backed L Catterton to launch tender offer for 36% of Tod's https://t.co/Tqt8LhgG0m https://t.co/EuYWEbkWxz
⚠️ LVMH-BACKED L CATTERTON TO LAUNCH TENDER OFFER FOR 36% OF TOD'S Full Story → https://t.co/LHtHgWekZw https://t.co/HzTYPT57pX
L Catterton will offer €43 per share which represents a premium of 17.6% on Friday’s closing price https://t.co/HsYlc5JH1c