Green light from the Board of Directors of Tod's to the merger with Edmond Srl, a wholly owned subsidiary which will be absorbed by incorporation.
“This merger – Diego Della Valle's group explains in a note – was also approved on 11 October 2012 by the Edmond srl shareholders' meeting. The documentation relating to the merger, which will have no impact on the composition of the company's shareholding structure, is available to the public at the registered office and on the Company's website at www.todsgroup.com". At the beginning of the afternoon, Tod's stock gains about one point in Piazza Affari.