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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (25136)	4/8/1999 8:05:00 AM
From: Tim Luke	Read Replies (1) \| Respond to of 90042

LVMH lifts offer to Gucci Compiled by CBS MarketWatch Last Update: 8:37 AM ET Apr 8, 1999 NEW YORK (CBS.MW) -- LVMH Moet Hennessey Louis Vuitton, the French luxury goods group, Wednesday raised its offer for the Italian fashion company Gucci. According tot he Financial Times, the offer was made in private talks in London. However, details of LVMH's (LVMHY) revised offer to Gucci could not be established. But the FT reported that the offer is comfortably above the French group's earlier proposal of $81 per share in cash. The talks between the two follow a Dutch court ruling in March which forced them to talk. Gucci is expected to respond to LVMH's offer Thursday, after which details of the revised bid will be made public.