The mother of all trades is in play: Dior / LVMH
I'd take profits on the CDI / MC obviously. Let s see where it opens
Arnault is paying in RMS FP shares at 8x sales for 1/3 roughly of the mixed offer ...
Dior has a much cheaper valuation ...
Also, what will the taxman say regarding RMS shares fiscality ? Arnault is giving out his RMS shares which carry a hi capital gain I d think
Price of 260E is a bit low. I have a 270E NAV on Dior at yesterday but I have a little less debt than they do.
Tempted to short it to be honest ... If goes to 270E level ...