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TIF Tiffany and Co

131.46
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tiffany and Co NYSE:TIF NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 131.46 0 01:00:00

LVMH Submits Tiffany Deal for EU Approval

21/09/2020 7:05am

Dow Jones News


Tiffany (NYSE:TIF)
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   By Giulia Petroni 
 

LVMH Moet Hennessy Louis Vuitton SE said late Friday that it has submitted its $16.2 billion takeover deal for Tiffany & Co, which is now at the center of a legal dispute, for an EU antitrust review.

"LVMH confirms that, immediately after receiving approval to proceed by the European Commission, it has submitted the proposed acquisition of Tiffany for antitrust review, as it has always stated it would do," it said.

The luxury-goods giant said eight of the 10 antitrust clearances required have already been obtained and that it expects to receive approval from the European Commission and Taiwan before Nov. 24, the merger agreement's deadline.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

September 21, 2020 01:50 ET (05:50 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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