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LVMH acquires majority stake in Bulgari

from Forbes

LVMH has acquired a majority stake in Bulgari. The deal transfers the Bulgari family's majority shareholding to LVMH. At the end of the transfer, LVMH will issue 16.5 million shares in exchange for the 152.5 million Bulgari shares currently held by the Bulgari family, who will become the second-largest family shareholder of the LVMH Group. LVMH will also submit a public purchase offer at the price of $17.18 per share on the shares held by minority stockholders. more

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