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Samsonite Eyes Dual Listing, Stock at $1910 Amid Takeover Talks
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Samsonite Explores US Dual Listing Amid Takeover Speculation
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Samsonite, the renowned luggage maker currently listed in Hong Kong, is planning a dual listing, sparking discussions among investors and analysts. The company's decision has led to a drop in its stock value due to concerns that this move might deter potential takeover bids from global buyout firms. Despite these concerns, sources indicate that Samsonite, with a stock value of $1910, is still open to the possibility of a take-private deal even as it explores the dual listing in the US. The dual listing is seen as a strategy to attract more investors or possibly as a negotiating tactic. This development has been closely watched by the business community, with various outlets including WSJbusiness, ClarkSquareCap, and Reuters reporting on the unfolding situation.