Dufry: to delist Hudson from NYSE
(CercleFinance.com) - Dufry has announced reaching a final agreement whereby it would acquire the remainding equity interest in Hudson (that it does not yet hold).
This would be at a price of 7.70 dollars per Class A Hudson share, in a deal that would be followed by a delisting of the shares from the NYSE.
"The delisting of Hudson is part of Dufry's current re-organization and is intended to further simplify its corporate structure and align its operations to the new business environment," the duty free boutique operator said.
"Dufry expects to realize annual cost savings of at least CHF 20 million, thereby further supporting its comprehensive set of already announced cost saving measures, and to improve cash flows going forward," the Swiss group continued.
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