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LVMH denies open-market purchase of Tiffany shares

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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…

 

 

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

 

 

Featured Photo : © Tiffany[/vc_column_text][/vc_column][/vc_row]

The editorial team

Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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