LVMH looks to conclude Tiffany takeover on Jan. 7

Thursday, 31. December 2020 12:40

LVMH Moet Hennessy Louis Vuitton SE announced on Thursday it intends to complete the acquisition of United States-based luxury jewelry retailer Tiffany & Co on January 7.

"LVMH announces that Tiffany shareholders voted by a majority in favor of the amended agreement announced on October 29, 2020. The completion of the transaction is scheduled for January 7, 2021," the French firm said in a statement.

Tiffany's shareholders approved on Wednesday the deal worth $15.8 billion that will price the company at $131.50 per share, cut compared to the original valuation that was set at $135 per share.

Related Links: LVMH Moët Hennessy Louis Vuitton SETiffany & Co
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Breaking the News / GA