LVMH, Tiffany near agreement to reaffirm merger, say sources | Malay Mail

According to sources, Tiffany has agreed to accept a lower price from LVMH in order to seal a merger that had been close to collapsing. — Reuters pic

French luxury giant LVMH will pay US$131 or US$131.50 a share for the high-end jeweller instead of the US$135 in the original takeover proposal, according to a preliminary agreement, said one of the sources.At US$131.50, the price of the merger deal would fall to US$15.96 billion, a drop of about US$425 million based on Tiffany's share count in US securities documents.

The parent to luxury brands such as Louis Vuitton, Dior and Moet & Chandon, LVMH announced its plan to acquire Tiffany and it's iconic robin's egg blue gift boxes at the end of 2019.

If this is true, it'll be Behemoth in the making for luxury products!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Germany does not believe Thai king has breached state business ban, says source | Malay MailBERLIN, Oct 29 — Germany does not believe that Thailand's king has so far breached its ban on conducting politics while staying there, a parliamentary source said yesterday, after lawmakers were briefed by the government. Thai protesters asked Germany on Monday to look into whether King Maha...
Source: malaymail - 🏆 1. / 86 Read more »