By  on July 2, 2008

MILAN — Italy's Mariella Burani Fashion Group SpA could be going private.

The group confirmed Tuesday that the majority shareholder, the Burani family, plans to tender an offer via a special purpose vehicle for part or all of the outstanding stock, which could lead to a delisting from the Milan Stock Exchange's STAR segment for small companies.

The special purpose vehicle, controlled by the Burani family and including "strategic industrial investors," will offer between 17 and 18 euros, or $26.80 to $28.40 at current exchange, a share, Mariella Burani said. The group listed in July 2000.

Mariella Burani stock closed down 1.84 percent to 15.14 euros, or $23.89.

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