Tod’s, the Della Valle brothers launch a takeover bid for delisting. “Exit the most suitable choice stock exchange”

Tod’s, the Della Valle brothers launch a takeover bid for delisting.  “Exit the most suitable choice stock exchange”

ROME – Diego Della Valle and Andrea Della Valle together with the private equity fund L Catterton they launch one new totalitarian takeover bid for delisting from Piazza Affari Of Tod’s. The offer at 43 euros – it was communicated in a note – provides that the majority shareholders they will maintain control of the group.

“The bidder – it is explained in detail – will promote atotal voluntary public purchase offer for a consideration of 43 euros per share aimed at acquiring a maximum of 11,913,128 ordinary shares of Tod’s. In case of success of the takeover bid – it is further explained – ai majority shareholders will remain 54% of the share capital. L Catterton will become the indirect owner of 36% and Delphine, a minority shareholder, will receive 10%.. Furthermore, the offer implies a premium of 17.59% on Friday’s stock market price.

Diego Della Valle’s satisfaction

Diego Della Valle, president and CEO of Tod’s commented: “I am very satisfied with the operation that it will bring further benefits to the future development of the Tod’s Group, a development made of continuous investments and challenging objectives”. “At this moment – he adds – exiting the stock exchange, with which we have always had excellent relations, we believe is the most strategically suitable choice. Sharing this journey with L Catterton, a world-leading private equity firm in the consumer goods sector, will give us the opportunity to develop further“.



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