Tiffany & Co. (TIF) Near Deal to Be Acquired by LVMH for $135/Share - WSJ
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Tiffany & Co. (TIF) Acquired by LVMH for $135/SH in Cash for Deal Value of Approx. $16.2B
November 25, 2019 5:57 AM ESTLVMH Moët Hennessy Louis Vuitton SE and Tiffany & Co. (NYSE: TIF) announced that the companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately 14.7 billion or $16.2 billion.
For more than 180 years, Tiffany has been synonymous with elegance, innovative design, fine craftsmanship and creative excellence. Since 1886, when it established the eponymous diamond ring as an enduring symbol of commitment, Tiffany has stood for love. Its extraordinary diamonds are cherished for generations and its legendary... More
France's LVMH close to buying Tiffany after sweetening offer: sources
November 24, 2019 10:03 AM ESTBy Greg Roumeliotis
(Reuters) - LVMH is close to buying U.S. jewelry chain Tiffany & Co (NYSE: TIF) for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market.
The two sides are close to an agreement after the French luxury goods company raised its offer price for the company known for its engagement rings and ties to Hollywood glamor to $135 per share, sources familiar with the matter said.
The... More
