Deals
Benetton Family Offers 276.6 Million Euros to Delist Company
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The Benetton family will offer 276.6 million euros ($364 million) for the shares it doesn’t own in Benetton Group SpA to delist the clothing maker a quarter century after its initial share sale as growing competition eroded its earnings and market value.
Edizione Holding SpA, which owns 67 percent of Benetton, will offer 4.6 euros a share for the stock it doesn’t already hold, Edizione said in a statement last night on the Italian exchange.