Samsonite in Acquisition of Tumi for $1.8 Billion

Cleary Gottlieb is representing Samsonite International, the world’s best known and largest lifestyle bag and travel luggage company, in its acquisition of Tumi Holdings, the leading global brand of premium business, travel and lifestyle products and accessories.

Samsonite will acquire Tumi for $26.75 per share in an all-cash transaction, valuing Tumi at an equity value of $1.8 billion.

The deal was announced on March 3, 2016, and is expected to close in the second half of 2016.