Editor
The Della Valle family failed to reach the 90 percent ownership threshold needed to proceed with a proposed delisting of luxury shoemaker Tod’s under their buyout bid, a Borsa Italiana filing showed on Tuesday.
On the last day available for the offer, investors tendered Tod’s shares accounting for a total of 4,134,358 shares.
According to Reuters calculations, the Della Valles, who own 64.5 percent of the company, needed to gain the…
