French luxury group LVMH Moet Hennessy Louis Vuitton SA (LVMH.PA) will take over Italian jeweller Bulgari SpA (BULG.MI) in an all-share deal, the companies said on Monday. LVMH, which makes Louis Vuitton handbags, Chaumet jewellery and Krug champagne, will issue 16.5 million shares in exchange for 152.5 million shares held by the Bulgari family, the companies said in a joint statement. [ID:nBIA07382] The French company will launch a buyout offer for the rest of Bulgari shares at 12.25 euros ($17.14) a share. The stock closed on Friday at 7.59 euros.
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