The takeover bid launched in August by the Della Valle family to buy up 90% of the capital of the Tod’s luxury group has failed.

By the October 25 deadline, the Della Valle family had secured control of 86.95% of the company’s stock and its offer to buy up remaining shares at €40 euros each was still on the table. However, the perceived value of the stock did not dip below this level and this thwarted the takeover.

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