News
During an extraordinary meeting conducted digitally on 30 December 2020, greater than 99 per cent of Tiffany & Co. shareholders approve LVMH’s new provide of $US131.50 and the phrases of the revised merger settlement. Quoting sources close to the negotiation, US enterprise publication CNBC stories that the 2 events are in “fluid” talks to revise the terms of the merger, decreasing the general value of the deal from $US135 per share to $130–133 per share. The acquisition of Tiffany & Co. will more than double LVMH’s income within the watches and jewellery category. US financial publication Bloomberg reviews that LVMH…