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Bids, Mergers and Takeovers

Jimmy Choo deal gets Russian approval

22 September 2017 14:21

Jimmy Choo has confirmed that the Russian Federal Antimonopoly Service has cleared the acquisition by Michael Kors of the rights to determine the terms of conduct of business of J. Choo RUS LLC.

The Scheme remains subject to the sanction by the Court at the Scheme Court Hearing and the satisfaction of the other Conditions to the Scheme.

Subject to the Scheme receiving the sanction of the Court and the satisfaction of the other Conditions, the Scheme is expected to become effective in the fourth quarter of 2017.

At 2:21pm: (LON:CHOO) Jimmy Choo Plc share price was -0.05p at 229.65p

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