HALISTER: LVMH to Buy Christian Dior Couture; Arnault Christian Dior Bid

LVMH to Buy Christian Dior Couture; Arnault Christian Dior Bid

(Bloomberg) -- Proposed purchase of Christian Dior Couture by LVMH will add to LVMH earnings in the first year, the cos say in a statement.
  • Christian Dior Couture enterprise value EU6.5b
  • Arnault family makes offer for Christian Dior shares at EU260; holders can take a mixture of cash and Hermes shares, straight cash or straight Hermes shares
  • Boards back deals unanimously; Arnault’s bid is subject to financing.

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CDI FP (Christian Dior SE)
MC FP (LVMH Moet Hennessy Louis Vuitton SE)

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