Tiffany & Co. (TIF) Acquired by LVMH for $135/SH in Cash for Deal Value of Approx. $16.2B
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LVMH Reaches Agreement with Tiffany & Co.
November 25, 2019 2:02 AM ESTParis and New York, November 25, 2019 LVMH Moët Hennessy Louis Vuitton SE (LVMH), the worlds leading luxury group and Tiffany & Co. (NYSE: TIF) (Tiffany), the global luxury jeweler, today 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... More
