The luxury-goods giant said Wednesday
The company said in a statement that it will not be able to complete the acquisition of Tiffany "as it stands." It said it needs additional time to figure out any impact from potential U.S. tariffs on French goods, and therefore can't close the deal before the end of the year. that the U.S. jewelry chain has filed a lawsuit in Delaware to enforce the agreement, saying the request from the French government has no basis in law.
Should’ve put a ring on it!
Check out my Gig on Fiverr: I will make 3d logo animation videos
Smart move, I know something and this would have been a disaster!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LVMH Says It Won’t Move Ahead With Tiffany AcquisitionThe Minister for Europe and Foreign Affairs asked LVMH to defer the transaction beyond Jan. 6, 2021, past the deadline of the original agreement.
Source: wwd - 🏆 24. / 68 Read more »
LVMH Pulls Out of Tiffany TakeoverThe luxury-goods giant said it was backing out of the $16.2 billion takeover, claiming that both Tiffany and the French government asked it to delay the acquisition beyond the closing date allowed by the merger agreement. Lawsuit? Uh oh, someone wants that bonus payout You can do better WSJ. Bloomberg was able to include this in their headline: ... in part over a U.S. move to impose tariffs on French goods Drama
Source: WSJ - 🏆 98. / 63 Read more »
LVMH says $16.2 billion takeover of Tiffany can't go aheadLVMH says it can't complete its planned acquisition of Tiffany, which would have been the biggest luxury goods deal in history. Oh no!!!! It's a trick, they're going for the chandelier! Because... covid 🤷🏻♀️
Source: cnnbrk - 🏆 393. / 55 Read more »