Samsonite Said to Keep Buyout Option Open While Weighing Dual Listing

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Hong Kong-listed Samsonite International SA is keeping the possibility of a take-private deal open even as the luggage maker considers a dual listing in the US, according to people familiar with the matter.

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A so-called dual track process is likely to follow over the next few months, which could help the board maximize value for its shareholders, the people said. While the US is the most likely venue for a second share sale, Europe could also be an option, they said. Any further takeover talks with prospective buyers would require access to due diligence and availability of financing from any potential bidder, the people said.Global investment funds including Carlyle Group Inc. and KKR & Co.

A representative for Samsonite declined to comment on the potential dual track process, adding the company does not have anything else to add beyond what it said in the earlier statement.

 

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