Breakingviews - Samsonite books a test flight out of Hong Kong https://t.co/H5DLB4an0l https://t.co/H5DLB4an0l
Hong Kong-listed Samsonite is keeping the possibility of a take-private deal open even as the luggage maker considers a dual listing in the US, sources say https://t.co/QETpT57gaA
From Breakingviews - Breakingviews - Samsonite books a test flight out of Hong Kong https://t.co/4kr0cO450P https://t.co/4kr0cO450P
Samsonite, the renowned luggage maker currently listed in Hong Kong, is planning a dual listing, sparking discussions among investors and analysts. The company's decision has led to a drop in its stock value due to concerns that this move might deter potential takeover bids from global buyout firms. Despite these concerns, sources indicate that Samsonite, with a stock value of $1910, is still open to the possibility of a take-private deal even as it explores the dual listing in the US. The dual listing is seen as a strategy to attract more investors or possibly as a negotiating tactic. This development has been closely watched by the business community, with various outlets including WSJbusiness, ClarkSquareCap, and Reuters reporting on the unfolding situation.
