LVMH (LVMUY.PK) will pay €1.87B in stock for the Bulgari family's 50.4% stake in the jeweler of...

|About: Bulgari S.p.a. (BULIF)|By:, SA News Editor

LVMH (LVMUY.PK) will pay €1.87B in stock for the Bulgari family's 50.4% stake in the jeweler of the same name, and will then make a tender offer of €12.25/share for the rest of Bulgari's (BULIF.PK) shares. The ~€3.7B ($5.2B) deal is a 61% premium to Bulgari's Friday close. In Italy, Bulgari +58.1% to €12.00. (PR)