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| Name | Symbol | Market | Type |
|---|---|---|---|
| LVMH Moet Hennessy Louis Vuitton SA (PK) | USOTC:LVMUY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.56 | 2.16% | 168.50 | 168.50 | 171.00 | 170.77 | 168.15 | 170.30 | 92,526 | 21:03:11 |
From May 2019 to May 2024
By Pietro Lombardi
LVMH Moet Hennessy Louis Vuitton SE (MC.FR) has reached an agreement with Tiffany & Co. (TIF) to buy the U.S. jeweler for roughly $16.2 billion.
The French conglomerate said Monday that it has reached a definite agreement to buy Tiffany for $135 a share in cash.
The deal will reinforce LVMH's presence in the U.S. and its position in the jewelry sector, it said.
"The board has concluded that this transaction with LVMH provides an exciting path forward with a group that appreciates and will invest in Tiffany's unique assets and strong human capital, while delivering a compelling price with value certainty to our shareholders," Tiffany Chairman Roger Farah said.
The transaction should be closed in mid-2020, the companies said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 25, 2019 02:30 ET (07:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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