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LVMH denies open-market purchase of Tiffany shares

LVMH denies open-market purchase of Tiffany shares

The undisputed world leader in luxury goods issued a statement yesterday Monday in which he stressed that “rumors have circulated recently that LVMH would consider buying Tiffany shares on the open market“.

 

These rumors actually lead LVMH to recall that, “in accordance with the agreement concluded with Tiffany in November 2019, LVMH is currently committed not to buy Tiffany shares“.

 

As we informed you, in November, the two companies announced that they had reached an agreement to acquire Tiffany by LVMH for $ 135 per share in cash, representing an enterprise value of $ 16.2 billion dollars (14.7 billion euros).

 

Case to follow…

 

See Also

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Read also > LVMH CONSIDERING BUYING TIFFANY’S SHARES ON OPEN MARKET – BLOOMBERG NEWS

 

 

Featured Photo : © Tiffany

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