Kering Cuts Puma Stake to 9.8%
The Big Cat’s former owner has sold another 5.9% of the company for €74.50 per share, netting about €656 million ($773 million) and reducing its holding to about 9.8% of outstanding shares. The latest block of shares was placed with “qualified investors.” Puma had enjoyed a nice run up ... Log in to view full article.
