By  on January 14, 2011

PARIS — Buying all remaining shares of Hermès International on the free float — and those of family members opting not to pool theirs into a protective holding — would cost LVMH Moët Hennessy Louis Vuitton an estimated 3.8 billion euros, or $4.95 billion at current exchange.

While financially possible for the luxury giant, given its strong cash flow and low gearing, this “aggressive approach” could be fraught with complications.

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