CVC to Acquire Samsonite Corporation in $1.7 Billion All-Cash Transaction
Samsonite Corporation (BULLETIN BOARD: SAMC) , one of the world's largest designers, manufacturers, distributors and marketers of luggage, casual bags, business cases and travel-related products today announced that it has entered into a definitive merger agreement to be acquired by funds managed and advised by CVC Capital Partners ("CVC"), a leading global private equity firm. The all-cash transaction is valued at approximately $1.7 billion, including the assumption of debt.