The Arnault family’s company, Semyrhamis, has officially filed its offer to acquire Christian Dior outright. In a “simplified mixed offer for all Christian Dior shares not currently held by the Arnault Family Group” in line with an offer made last month. In a filing with L’Autorité des marchés financiers, the French stock market regulator in France, on May 22, Semyrhamis put forth its plan to combine the Christian Dior fashion brand with his LVMH luxury goods empire in accordance with 12 billion euro ($13 billion) move to simplify his business interests – a restructuring long demanded by other investors.

This filing follows the execution of a syndicated facilities agreement for the purpose of proceeding with the offer. According to a statement from Semyrhamis, “Based on the independent expert’s conclusions which confirm that the offer is fair and further to the release of the favourable opinion of the ad hoc committee composed of independent directors, the Board of directors of Christian Dior, held on May 22nd, 2017, has unanimously recommended that Christian Dior shareholders tender their shares to the offer. In addition, Christian Dior Couture’s works council (Comité d’entreprise) has released a favorable opinion on the proposed disposal of Christian Dior Couture to LVMH.”

Still yet, a spokesman for Semyrhamis stated, “Therefore and after having reviewed the respective independent experts’ conclusions which confirm the fairness of the transaction’s price and further to the release of the respective ad hoc committees’ favorable opinion, the Board of directors of LVMH and Christian Dior have unanimously approved the execution of the definitive acquisition agreement through which Christian Dior Couture will be acquired by LVMH at an enterprise value of 6.5 billion euro.”

The move will fully add Christian Dior to the umbrella of LVMH brands, which include Louis Vuitton, Givenchy, Celine, Loewe, Marc Jacobs, Pucci, and Berluti, among others.