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Source data

Share transfer, offer and market milestones in LVMH’s acquisition of Bulgari

Sources checked

Jewellery ownershipBulgari from family contribution to delisting
  1. 7 March 2011
    Combination announced

    LVMH and the Bulgari family announce the transaction. Source 1

  2. 30 June 2011
    Board approves contribution

    After competition clearance, LVMH approves the contribution of the family’s majority holding. Source 2

  3. 30 June 2011
    Consideration recorded

    LVMH records 18,037,011 new LVMH shares as consideration for Bulgari shares representing 55.03% of Bulgari’s share capital. Source 1

  4. 4 August 2011
    Tender notice

    The offer covers ordinary shares that the offeror and parties acting in concert do not already own. Source 3

  5. 23 September 2011
    Tender acceptance ends

    Shareholders tender 109,183,898 shares, or 92.09% of shares subject to the offer. Source 4

  6. 28 September 2011
    Offer payment

    LVMH reports an aggregate holding of 342,032,522 Bulgari shares, or 98.09% of capital. Source 4

Show 2 more dates
  1. 29 September to 3 October 2011
    Trading suspended

    Borsa Italiana suspends Bulgari trading on the 29th and 30th of September and 3 October. Source 4

  2. 4 October 2011
    Residual purchase and delisting

    LVMH acquires the remaining 6,666,839 shares at €12.25 each. The shares leave the Milan market. Source 4

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Share transfer, offer and market milestones in LVMH’s acquisition of Bulgari

The chronology distinguishes the family’s contribution, the public offer and the residual share procedure. Share figures and dates are those in the transaction notices.

8 records
Source
7 March 2011Combination announcedLVMH and the Bulgari family announce the transaction.Source 1
30 June 2011Board approves contributionAfter competition clearance, LVMH approves the contribution of the family’s majority holding.Source 2
30 June 2011Consideration recordedLVMH records 18,037,011 new LVMH shares as consideration for Bulgari shares representing 55.03% of Bulgari’s share capital.Source 1
4 August 2011Tender noticeThe offer covers ordinary shares that the offeror and parties acting in concert do not already own.Source 3
23 September 2011Tender acceptance endsShareholders tender 109,183,898 shares, or 92.09% of shares subject to the offer.Source 4
28 September 2011Offer paymentLVMH reports an aggregate holding of 342,032,522 Bulgari shares, or 98.09% of capital.Source 4
29 September to 3 October 2011Trading suspendedBorsa Italiana suspends Bulgari trading on the 29th and 30th of September and 3 October.Source 4
4 October 2011Residual purchase and delistingLVMH acquires the remaining 6,666,839 shares at €12.25 each. The shares leave the Milan market.Source 4

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