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Monday, November 25, 2019

-=Tiffany & Co. (TIF) to be acquired by LVMH (LVMUY)

  • Update 2/4/20:   Tiffany & Co: Stockholders vote to approve merger with LVMH (LVMUY); anticipates completion of merger in the middle of 2020.
  • Update 12/31/19: Tiffany & Co to hold special meeting on Feb 4 to vote on merger with LVMH; transaction expected to close in the middle of 2020

Tiffany & Co confirms agreement to be acquired by LVMH (LVMUY) for $135/share in cash, or approximately $16.2 bln
The acquisition of Tiffany will strengthen LVMH's position in jewelry and further increase its presence in the United States. The addition of Tiffany will transform LVMH's Watches & Jewelry division and complement LVMH's 75 distinguished Houses. The transaction is expected to close in the middle of 2020 and is subject to customary closing conditions, including approval from Tiffany's shareholders and the receipt of regulatory approvals.

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