Tiffany & Co. announced Tuesday that it will hold a special meeting of its stockholders at its corporate office, 200 Fifth Avenue, New York, on February 4, 2020, so that they can decide on the acquisition plan presented in November by the French luxury group LVMH.
By Luxus Plus
At the special meeting organised by Tiffany on February 4, 2019, stockholders will be asked to consider and vote on, among other things, a proposal to adopt the previously announced Agreement and Plan of Merger, dated as of November 24, 2019 (as it may be amended from time to time, the “Merger Agreement”), by and among the Company, LVMH.
The Company’s board of directors recommends that stockholders vote in favor of the proposal to adopt the Merger Agreement, relating to the acquisition of Tiffany by LVMH for $ 135 per share in cash, representing an enterprise value of $ 16.2 billion.
Company stockholders of record at the close of business on January 2, 2020, will be entitled to receive notice of, and to vote at, the special meeting and any adjournments or postponements thereof.
The transaction is expected to close in the middle of 2020, subject to the approval of stockholders at the special meeting, regulatory clearances and the satisfaction of other customary closing conditions.
