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LVMH has no intention of launching a tender offer, taking control of Hermès, nor seeking board representation".
LVMH described the €1.45bn (£1.29bn) stake, disclosed on Saturday, as a strategic holding in "one of the jewels of the luxury industry" and moved to squash speculation swirling around the markets in recent weeks that it aims to buy Hermès outright: "LVMH has no intention of launching a tender offer, taking control of Hermès nor seeking board representation".
Though to be fair Number 10 officials working on Tech City say it is too early to expect much happening with the Olympic Park, with the OPLC only launching a tender for the broadcast centres last month.
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Earlier this year the FIA launched a tender for a new team to join Formula One but last month ruled that none of the applicants had met the criteria.
"We would net $1 billion over a decade," says President Mahmoud Abbas's economic adviser, Muhammad Mustafa, who expects to launch a tender imminently.
National Grid formally launched a tender for its Supplemental Balancing Reserve on Tuesday, asking power generators how much spare capacity they could provide to fill a potential supply gap.
LVMH has said it does not intend to launch a tender offer, take control or seek board seats at Hermes, where about 75 percent of the shares are controlled by members of the founding family.
Once in a blue moon an outsider may launch a tender offer, hoping to snatch shares from a dissident family member.
Under the deal, Sprint will launch a tender offer to buy all of U.S. Unwired's outstanding common stock at $6.25 per share.
A statement said: "Elliott has repeatedly proposed that Alliance Trust should launch a tender offer for 40% of its outstanding shares at a very narrow discount, which would require a significant liquidation of the company's assets.
Dell, which had indicated its intention to step up acquisitions, said it would launch a tender offer to acquire all of the outstanding Class A common stock of Perot Systems for $30 per share in cash.
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