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SAMSONITE (01910.HK) Once Plummets 5%, as Private Equity Firms' Interest for Buyout Reportedly Wane
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Bloomberg cites sources reporting that private equity firms have weakened their interest in acquiring SAMSONITE (01910.HK) after assessing its valuation as too high. The investment fund's initial interest is not in line with the value SAMSONITE expected. Although potential buyers could restart the privatisation deal, the plan has been put on hold. It was earlier reported that SAMSONITE saw a dual listing as an option to enhance its value. Funds such as Carlyle Group and KKR & Co. had initially expressed interest in a potential buyout of the company, while CVC Capital Partners and DCP Capital Partners were among those also considering a deal. The news dragged down the performance of SAMSONITE shares, which plummeted 5.3% to as low as $27.5 in the afternoon. It trades now at $28, down 3.61%, with 6.348 million shares traded, involving $179 million. AAStocks Financial News |
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