Thursday, 05 July 2007

CVC to acquire Samsonite for $1.1 billion

(Reuters) - NEW YORK, July 5 - Luggage maker Samsonite Corp. said on Thursday it agreed to be bought by private equity firm CVC Capital Partners [CVC.UL] in an all-cash deal of about $1.7 billion, including assumption of debt.



The deal, which was approved by Samsonite's board, values Samsonite at $1.49 a share, the company said in a statement.


Read more at Reuters.com Mergers News

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