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    TOD   IT0003007728

TOD'S S.P.A.

(TOD)
  Report
Delayed Borsa Italiana  -  11:35:38 2023-02-03 am EST
36.78 EUR   -0.22%
01/26Mib breaks through 26,000 trailed by STMicroelectronics
AN
01/25Tod's sales exceed 1 billion euros in 2022
RE
01/25Tod's, 2022 sales over billion exceed pre-pandemic levels
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Tod's buyout bid's take-up lags on last day of offer

10/25/2022 | 04:57am EST

MILAN, Oct 25 (Reuters) - Tod's investors representing just 4.5% of the Italian luxury shoemaker's capital have tendered their shares under a buyout bid launched by the founders, leaving the Della Valle family just one day to get to the targeted threshold.

To proceed with the proposed delisting of Tod's and make their revamp plans easier, the Della Valle need to reach a 90% ownership threshold.

The Della Valles control 64.5% of Tod's and can count on the support of French luxury giant LVMH, which has said it would retain its 10% stake in the Italian group.

Italian bourse data on Monday showed take-up had reached 17.84% of the shares targeted by the offer, or 4.56% of the group's capital.

That means they need another 10% of the company's capital to hit their goal. The takeover offer ends at 1530 GMT on Tuesday.

In such bids, the last two or three days are normally decisive for the outcome because investors wait until the very end to tender their shares.

Tod's founder and chairman Diego Della Valle and his brother Andrea are offering to buy out other investors in Tod's at 40 euros a share, for an up to 338 million euro investment. (Reporting by Elisa Anzolin; editing by Valentina Za)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LVMH MOËT HENNESSY LOUIS VUITTON SE 2.51% 829.4 Real-time Quote.21.99%
TOD'S S.P.A. -0.22% 36.78 Delayed Quote.21.47%
All news about TOD'S S.P.A.
01/26Mib breaks through 26,000 trailed by STMicroelectronics
AN
01/25Tod's sales exceed 1 billion euros in 2022
RE
01/25Tod's, 2022 sales over billion exceed pre-pandemic levels
AN
01/02Mib expected to rise on first day of year
AN
2022Mib at a loss; contraction is 13% in 2022
AN
2022Global markets live: Vodafone, Enel, Novartis, Best Buy, Amgen...
MS
2022Tod's founder abandons plan to delist company
RE
2022European Companies Hand Out Employee Bonuses As Inflation Bites -- At a Glance
DJ
2022Tod's sales beat forecast as owners weigh de-listing
RE
2022Tod's nine-month sales rise more than expected
RE
More news
Analyst Recommendations on TOD'S S.P.A.
More recommendations
Financials
Sales 2022 1 000 M 1 085 M 1 085 M
Net income 2022 19,4 M 21,1 M 21,1 M
Net Debt 2022 388 M 421 M 421 M
P/E ratio 2022 63,7x
Yield 2022 0,65%
Capitalization 1 217 M 1 321 M 1 321 M
EV / Sales 2022 1,61x
EV / Sales 2023 1,48x
Nbr of Employees 4 890
Free-Float 25,5%
Chart TOD'S S.P.A.
Duration : Period :
TOD'S S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOD'S S.P.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 36,78 €
Average target price 35,33 €
Spread / Average Target -3,95%
EPS Revisions
Managers and Directors
Andrea della Valle Vice Chairman & Co-Chief Executive Officer
Diego della Valle Chairman, President & Co-Chief Executive Officer
Emilio Macellari Chief Financial Officer & Executive Director
Luca Cordero di Montezemolo Independent Non-Executive Director
Luigi Abete Independent Non-Executive Director
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