|Bid||40.62 x 0|
|Ask||40.66 x 0|
|Day's Range||40.50 - 41.16|
|52 Week Range||28.42 - 57.20|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 07, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 20, 2019|
|1y Target Est||38.56|
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The family behind luxury Italian shoemaker Tod’s said it plans to take the company private as part of an effort to boost growth at the maker of high-end loafers.
The Della Valle family sees the delisting as a way to invest in the development of the group's brands in the medium- to long-term.
Italy’s billionaire Della Valle family is planning to take luxury shoemaker Tod’s private to refocus the business, in a deal that values the company at €1.3bn. The founding family said it would spend up to €338mn to buy a 25.5 per cent stake from minority investors, taking its ownership to 90 per cent. The deal will see Tod’s delisted from the Borsa Italiana after 22 years on the Milan-based stock exchange, under a plan by the Della Valles to rejuvenate the company.