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

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

Tiffany Confirms Receipt of Unsolicited, Non-Binding Proposal from LMVH

October 28, 2019 8:02 AM EDT

Tiffany Shareholders Advised to Take No Action Pending Board Review

NEW YORK--(BUSINESS WIRE)-- 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 responsibilities, is carefully reviewing the proposal, with the assistance of... More