De’ Longhi Seeks Major M&A as Coffee Boosts Growth, CEO Says

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Outperforming Mid Cap Index

De’ Longhi SpA, the Italian appliance maker whose brands include Kenwood and Braun, is looking for a "transformational" M&amp;A deal of as much as 1.5 billion euros ($1.63 billion) to take advantage of favorable industrial and financial conditions, Chief Executive Officer Fabio De’ Longhi said. The firepower for an acquisition is "very high," between 1 billion euros and 1.5 billion euros, and wouldn’t require new equity, the CEO said Full Story Link

De’ Longhi SpA, the Italian appliance maker whose brands include Kenwood and Braun, is looking for a "transformational" M&amp;A deal of as much as 1.5 billion euros ($1.63 billion) to take advantage of favorable industrial and financial conditions, Chief Executive Officer Fabio De’ Longhi said. The firepower for an acquisition is "very high," between 1 billion euros and 1.5 billion euros, and wouldn’t require new equity, the CEO said Full Story Link

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