Thursday, February 6, 2020

Tiffany stockholders approve LVMH acquisition

Retail Dive
Tiffany & Co. will join the luxury portfolio of Parisian conglomerate LVMH Moët Hennessy Louis Vuitton, the companies announced on Monday.​ LVMH "will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion," according to a press release from the companies.

The deal is expected to close in the middle of 2020 and is subject to customary closing conditions, including approval from Tiffany's shareholders and regulators, according to the release.. . . more