Samsonite International SA, the world’s largest branded-luggage maker, agreed to buy luxury baggage maker Tumi Holdings Inc. (NYSE: TUMI) for about $1.8 billion in its biggest acquisition.

Tumi investors will receive $26.75 per share in cash, Samsonite said in a Hong Kong stock exchange statement on Friday. That’s about 33 percent more than the New Jersey-based company’s closing price on Wednesday, before a possible takeover was reported.

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