PARIS — Minority shareholders are contesting planned moves by Hermès International to fend off a potential takeover by LVMH Moët Hennessy Louis Vuitton.
Colette Neuville, president of the French Association for Minority Shareholders (ADAM), on Thursday called for French market regulator AMF to turn down any request for Hermès to be exempted from rules regarding ownership thresholds should the luxury firm implement special measures to protect itself from a buyout.
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