Tod's stock soars after delisting offer announced. Chairman Diego Della Valle and his brother Andrea announced at the weekend that they are launching an operation to delist the group with the private equity fund L Catterton.
The offer of 43 euros per share is the second attempt to take the company private in under two years and values it at around 1.4 billion euros. In early trading, Tod'sStock moved up towards that threshold, rising 17.4% to 42.7 euros.