LVMH To Take Over Bulgari In $5.2B Fashion Deal

Law360, New York (March 7, 2011, 1:54 PM EST) -- LVMH Moet Hennessy Louis Vuitton SA said Monday it would buy a majority of Bulgari SpA from its controlling family and would pick up minority stockholders' equity at a premium in a deal that values the Italian fashion house at $5.2 billion.

The French fashion giant will issue 16.5 million shares to the Bulgari family in exchange for a majority stake, the companies said, and offered a premium price of roughly $17.12 a share for stock held by Bulgari's minority stockholders.

Bulgari stock jumped by more...
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