LVMH Confirms Talks on Possible Transaction with Tiffany & Co. (TIF)

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Go back to LVMH Confirms Talks on Possible Transaction with Tiffany & Co. (TIF)

Tiffany & Co. (TIF) Should Command $160-$180/Share in a Sale to LVMH - Cowen

October 28, 2019 8:14 AM EDT

Cowen analyst Oliver Chen weighed in on a possible takeover of Tiffany & Co. (NYSE: TIF) by LVMH and said TIF deserves an "exceptional premium" of 20x EBITDA or higher, or $160 per share.

"Based on our analysis, LVMH has ample financial capacity for a deal and we also expect many strategic and financial synergies given margin expansion, product extension, and global... More

Tiffany (TIF) Confirms Receipt of Unsolicited, Non-Binding Proposal from LMVH at $120/Share

October 28, 2019 8:03 AM EDT

Tiffany & Co. (NYSE: TIF) today confirmed it has received an unsolicited, non-binding proposal from LMVH Moet Hennessy Louis Vuitton to acquire Tiffany for $120 per share in cash.

While the parties are not in discussions, Tiffanys Board of Directors, consistent with its fiduciary... More

LVMH confirms interest in acquiring luxury jeweler Tiffany

October 28, 2019 4:12 AM EDT

PARIS (Reuters) - LVMH, the world's biggest luxury group, said on Monday it had approached Tiffany & Co about a possible takeover of the U.S. jeweler.

"In light of recent market rumors, LVMH Group confirms it has held preliminary discussions regarding a possible transaction with Tiffany," the company said in a statement. "There can be no assurance that these discussions will result in any agreement."

One source familiar with the matter said LVMH, which owns the Louis Vuitton and Bulgari brands among others, had proposed a bid valuing Tiffany at about $120 per share. That would be equivalent to a $14.5 billion acquisition offer - which would make it the acquisitive French group's... More