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Samsonite to pay US$1.8 billion for Tumi in biggest deal since listing

2016-03-04 04:17:01| Furniture - Topix.net

Samsonite International SA, the world's largest branded-luggage maker, agreed to buy luxury baggage maker Tumi Holdings for about US$1.8 billion in its biggest acquisition since selling shares to the public five years ago. Tumi investors will receive US$26.75 per share in cash, Samsonite said in a Hong Kong stock exchange statement on Friday.

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