Yanghime TADIWODOA BBAEW
According to Bloomberg, which cited sources, Samsonite International SA, the largest suitcase manufacturer in the world, is evaluating its options for strategic business development following the expression of interest from multiple investment firms to acquire the company.
Sources note that Samsonite, which has its headquarters in the United States and whose shares are traded in Hong Kong, is exploring all of its alternatives with advisors, including a sale and subsequent delisting. According to company officials, preliminary discussions have already taken place with a few bidders.
Tuesday's trading saw a 12.9 percent increase in Samsonite shares, bringing the company's valuation to HK$37 billion ($4.8 billion).
Bloomberg’s sources note that certain investment groups are considering purchasing Samsonite so they may list it in the US at a better valuation.
source: bloomberg.com
Sources note that Samsonite, which has its headquarters in the United States and whose shares are traded in Hong Kong, is exploring all of its alternatives with advisors, including a sale and subsequent delisting. According to company officials, preliminary discussions have already taken place with a few bidders.
Tuesday's trading saw a 12.9 percent increase in Samsonite shares, bringing the company's valuation to HK$37 billion ($4.8 billion).
Bloomberg’s sources note that certain investment groups are considering purchasing Samsonite so they may list it in the US at a better valuation.
source: bloomberg.com
