After announcing a record-breaking deal last November, LVMH Moët Hennessy Louis Vuitton announced today that it would be scrapping its $16.2 billion acquisition of U.S. jewelry brand Tiffany & Co.Meanwhile, Tiffany & Co. has filed a lawsuit.for $16.2 billion last November, LVMH Moët Hennessy Louis Vuitton said today that it would be scrapping the acquisitions.
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Tiffany gets regulatory nod from Japan, Mexico for troubled LVMH dealTiffany & Co has received regulatory approvals from the Japan Fair Trade Commission and the Mexican competition authority for its contentious $16 billion acquisition by luxury goods group LVMH , the U.S. jeweler said on Friday.
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Tiffany gets regulatory nod from Japan, Mexico for troubled LVMH dealTiffany & Co has received regulatory approvals from the Japan Fair Trade Commission and the Mexican competition authority for its contentious $16 billion acquisition by luxury goods group LVMH , the U.S. jeweler said on Friday.
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Investors in LVMH's Tiffany bonds left second-guessing on redemption payoutThe holders of 9 billion euros (8.36 billion pounds) worth of bonds issued by LVMH to fund its now imperilled acquisition of Tiffany & Co have been left second-guessing as to when they might get their money back. W
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