Benetton Sets Buyout Price

The Benetton family has set a 4.60 euro (about $6) per share price to buy out minority investors and take its clothing company private, Reuters reported Wednesday. The tender will cost Edizione, the holding company of the Benetton family which owns 67.1% of the clothing group, up to 276.6 million euros, Reuters wrote. The bid price represents a 15.6% premium on Tuesday's stock price -- when the plan to delist was first announced. The shares have been suspended since then, Reuters wrote.

DealsNorth AmericaUSBriefs