Samsonite close to acquiring Tumi
A deal between the rivals could be announced as soon as this week, WSJ reported, citing people familiar with the matter. Exact terms of the deal were not mentioned in the report.
With a “typical premium” and considering Tumi’s market value of $1.4 billion, the deal could value the luxury luggage maker at close to $2 billion, the Journal said.
Samsonite shares were trading at HK$23.72, flat from Wednesday’s close, before being halted on the Hong Kong Stock Exchange.