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The buyoutof Italian shoewear giant
Tod's on Wednesday fell short of completion as the takeover bid
failed to reach the 90% threshold of capitalisation.
President Diego Della Valle said "the Tod's buyout will not be
completed as it has not passed the 90% capital threshold but our
project will go ahead".
All shares offered in the buyout would now be returned to their
owners, the Della Valle family said in a statement.
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