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Article: Louis Vuitton and Moet-Hennessy announce merger plan.
- Article from:
- PR Newswire
- Article date:
- June 3, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOUIS VUITTON AND MOET-HENNESSY ANNOUNCE MERGER PLAN
NEW YORK, June 3 /PRNewswire/ -- The board of Moet-Hennessy and the board of trustees and "directoire" of Louis Vuitton have announced a plan to merge the two prestigious consumer-product companies into a new single entity. This agreement is subject to the approval of the shareholders of both companies.
Moet-Hennessy and Louis Vuitton will have equal status in the merged company, which will hold 90 to 100 percent of each. The new entity will be owned by existing shareholders of Moet-Hennessy and Louis Vuitton in proportion to their existing shareholdings. Shares ...