|
|
Article: LVMH Moet Hennessy-Louis Vuitton shareholders approve merger.
- Article from:
- PR Newswire
- Article date:
- September 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)
|
LVMH MOET HENNESSY-LOUIS VUITTON SHAREHOLDERS APPROVE MERGER
PARIS AND NEW YORK, Sept. 3 /PRNewswire/ -- At meetings held in Paris yesterday, shareholders of Moet-Hennessy and Louis Vuitton voted to approve the merger announced by both companies in June. The company is henceforth called LVMH Moet Hennessy Louis Vuitton.
Shareholders also ratified the exchange ratio of one Moet-Hennessy share for 2.4 Louis Vuitton shares.
To facilitate the exchange of shares, a six-for-five stock split will be voted on by the board of directors of LVMH at its next meeting on Sept. 16. If approved,
-- Shareholders of Louis Vuitton will receive ...