(Bloomberg) -- Valentino Fashion Group SpA shares rose to a record on speculation buyout firms Carlyle Group and Permira Advisers LLP will compete to buy the Italian company famous for designing dresses worn by Sophia Loren.
London-based Permira, which offered 35.65 euros a share ($48) for almost a third of the fashion house yesterday, said it will offer 35 euros a share for the rest of the stock. Reuters reported Carlyle would bid 36 euros a share for the whole company, which would value Milan-based Valentino at almost 2.7 billion euros.
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment