Deals and IPOs

Samsonite nears deal to buy Tumi Holdings: WSJ

Adam Jeffery | CNBC

The world's biggest luggage maker, Samsonite International, is nearing a deal to buy Tumi Holdings, The Wall Street Journal reported on Wednesday.

A deal between the rivals could be announced as soon as this week, WSJ reported, citing people familiar with the matter. Exact terms of the deal were not mentioned in the report.

Samsonite and Tumi could not immediately be reached for comment.