Italy’s Consob has green-lighted Tod’s Group delisting tender offer, set to begin tomorrow, aiming for a 36% acquisition at 43 euros ($46.66) per share. L Catterton, backed by LVMH, has launched an offer for 27.9%, valued at $437.8 million (398 million euros). The agreement includes a merger option if delisting fails. Della Valle will maintain a 54% stake post-delisting, with L Catterton at 36% and LVMH’s Delphine SAS at 10%. Tod’s reported strong 2023 performance.