FRENCH LUXURY GROUP LVMH HAS AGREED TO BUY ROME BASED LUXURY JEWELER BULGARI SPA IN A CASH AND SHARES DEAL WORTH 4.3 BILLION EUROS. THE DEAL WILL SEE BULGARI'S FOUNDING FAMILY BECOME THE SECOND LARGEST FAMILY SHAREHOLDERS IN LVHM BEHIND THAT OF CHIEF EXECUTIVE BERNARD ARNAULT. LVHM ALSO ANNOUNCED A TENDER OFFER OF 12.25 EUROS PER SHARE TO ACQUIRE THE REMAINING SHARES OF BULGARI, A 61 PERCENT PREMIUM OVER WHERE THEY WERE TRADING BEFORE THE ANNOUNCEMENT.
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