HK-listed Samsonite to buy Tumi for $1.8b as it expands premium luggage offerings

HK-listed Samsonite to buy Tumi for $1.8b as it expands premium luggage offerings

Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc (TUMI) for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion, as the world’s biggest luggage group expands in the luxury market.

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