LVMH Acquires Majority Stake in Bulgari

In a deal that was finalized last night, France’s LVMH will acquire the Bulgari family’s majority shareholding in Bulgari SpA. LVMH will issue 16.5 million shares in exchange for the 152.5 million Bulgari shares currently held by the Bulgari family, making them the second largest family shareholder of the LVMH Group. The deal is valued at €3.7 billion, or about $5.19 billion — via redwolf.newsvine.com