Thursday, July 5, 2007

CVC to acquire Samsonite for $1.7 billion

(Reuters) - Samsonite manufactures and distributes luggage and travel-related products under its namesake brand and others such as American Tourister, Lacoste and Timberland.




Its principal shareholders -- entities controlled by Ares Management LLC, Bain Capital Partners and Teachers' Private Capital, which is a private investment branch of Ontario Teachers' Pension Plan -- have agreed to the transaction, Samsonite said.


Read more at Reuters.com Business News

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