By  on August 8, 2008

MILAN – The Burani family, the controlling shareholder in Italy’s Mariella Burani Fashion Group on Friday launched a public tender offer for a further 15 percent of the company at a price of 17.50 euros, or $26.98 at current exchange, a share. The company’s stock fell 3 percent to 15.58 euros, or $24.02, in mid-afternoon trading in Milan.

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