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Tod’s Seen as Takeover Target After LVMH Raises Stake

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Italian luxury shoe firm Tod’s S.p.A. said late Thursday that LVMH Moët Hennessy Louis Vuitton would acquire an additional stake in the company, bringing the French conglomerate’s holding to 10 percent. LVMH will pay 74.5 million euros ($89.9 million) for a 6.8 percent stake, or 33.1 euros ($39.96) per share, in Tod’s. The French firm…

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