Moet Hennessy Makes Recommended Public Offer for Glenmorangie plc.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- LVMH LVMH Moët Hennessy-Louis Vuitton (upscale retailer) Moet Hennessy Louis Vuitton The Louis Vuitton Company (more commonly known simply as Louis Vuitton) is a luxury French fashion and leather goods brand and company, headquartered in Paris, France. It is a division of the French holding company, LVMH Louis Vuitton Moët Hennessy S.A. , the world's leading luxury products group, announces the launch of a recommended public offer through its subsidiary Moet Hennessy to the shareholders of Glenmorangie plc. Moet Hennessy comprises the Wines and Spirits activities of LVMH and includes such notable brands as Moet & Chandon, Dom Perignon Dom Perignon renowned vintage French champagne. [Western Cult.: Misc.] See : Luxury , Krug, Veuve Clicquot and Hennessy. Glenmorangie is the producer of one of the best Scottish single malt whiskies. Founded in 1893, the company distills Pure Malt whiskies Glenmorangie, Ardbeg and Glen Moray The Glen Moray Glenlivet Distillery is a distillery in Speyside, Scotland that produces single malt scotch whisky. The distillery is owned by Glenmorangie plc. Their main product is the Glen Moray brand of single malt scotch whisky, and like the malt whisky produced at the . This acquisition corresponds to Moet Hennessy's strategy of developing super premium wine and spirits. Christophe Navarre, President of Moet Hennessy, comments: "Glenmorangie is a fine whisky, a growing brand and a strong company. It will be a fitting companion for Moet & Chandon, Hennessy and our other prestige brands Prestige Brands, Inc. NYSE: PBH is a company that manufactures personal care and home cleaning products. It was formed by the merger of Medtech Products, Inc., Prestige Brands International, and The Spic and Span Company. The company is headquartered in Irvington, New York. . We look forward to a prosperous future together." The launch of the offer is expected to take place in November.
DETAILS OF THE PUBLIC OFFER
-- Glenmorangie plc is quoted on London Stock Exchange.
-- Transaction amount : GBP 300 million for 100 % of the capital
Offer price for an A share : 1717.6 pence
Offer price for a B share : 2412.7 pence
-- Moet Hennessy has received irrevocable undertakings to accept
the offer from 45.1 % of the A shares and 70.7 % of the B
shares, representing in total 61.2% of the voting rights of
Glenmorangie.
-- Moet Hennessy reserves the possibility of lapsing the offer if
less than 90 % of A shares and/or if less than 90% of B shares
accept the offer.
About LVMH LVMH Moet Hennessy Louis Vuitton is the world's leading luxury goods group. The Group is represented in Wines and Spirits by a portfolio of brands that includes Moet & Chandon, Dom Perignon, Veuve Clicquot Ponsardin, Krug, Chateau d'Yquem, Chandon Estates and Hennessy. Its Fashion and Leather Goods division includes Louis Vuitton, the world's leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Christian Lacroix, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, StefanoBi as well as eLUXURY, the authoritative online source for luxury goods on the Internet. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior Parfums Christian Dior is the make-up and perfumery line of Christian Dior SA, based on the company created by twentieth-century fashion designer Christian Dior. It was created in 1947 with the launch of Miss Dior perfume. , Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing through DFS (Distributed File System) An enhancement to Windows NT/2000 and 95/98 that allows files scattered across multiple servers to be treated as a single group. With Dfs, a network administrator can build a hierarchical file system that spans the organization's LANs and , Sephora in Europe and the United States, Le Bon Marche and La Samaritaine. LVMH's Watches and Jewelry division comprises TAG Heuer, Chaumet, Christian Dior Watches, Zenith, Fred, the prestigious Italian writing instruments company of OMAS OMAS Official Mail Accounting System (US Postal Service) OMAS Outage Management & Analysis System and De Beers LV, a joint venture created with the world's leading diamond group. LVMH shares (LVMH.PA) are listed on Euronext Paris. |
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