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Samsonite offers to buy premium luggage group Tumi for $1.8 bln

2016-03-04 04:17:00| Furniture - Topix.net

Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion, as the world's biggest luggage group expands into the premium segment. "It will meaningfully expand our presence in the highly attractive premium segment of the global business bags, travel luggage and accessories market," Samsonite Chief Executive Officer Ramesh Tainwala said in a statement.

Tags: group buy offers premium

Samsonite bags luxury luggage rival Tumi

2016-03-04 02:45:04| BBC News | Business | UK Edition

The world's biggest luggage maker reaches a takeover agreement with luxury rival Tumi in a $1.8bn (1.3bn) deal.

Tags: bags luxury luggage rival

The Wall Street Journal: Samsonite close to deal for luxury luggage maker Tumi

2016-03-03 07:15:50| Furniture - Topix.net

Samsonite International SA is nearing a deal to buy luxury luggage maker Tumi Holdings Inc., according to people familiar with the matter. Exact terms of a deal couldn't be learned, but with a typical premium and given its market value of $1.4 billion, the takeover could value Tumi at close to $2 billion.

Tags: close street journal deal