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Samsonite will spend $1.8 billion to buy Tumi

(Bloomberg)—Samsonite International SA, the world’s largest branded-luggage maker, agreed to buy luxury baggage maker Tumi Holdings Inc. for about $1.8 billion in its biggest acquisition. Tumi investors will receive $26.75 per share in cash, Samsonite said in a Hong Kong stock exchange statement on Friday. That’s about 33% more than the New Jersey-based company’s closing […]

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