According to Reuters, Tiffany (TIF) approached by LVMH

  • October 28, 2019

POTENTIAL DEAL DETAILS

StockTiffany & Co.SymbolTIF
Date Announced10/28/2019Source Reuters
TypeUnsolicited BidAcquiring Company/Person LVMH Moët Hennessy Louis Vuitton SE
Date of Confirmation: 11/25/2019Price at Confirmation: $125.51
Potential Profit: -2.52%Annualized Profit: -32.80%

France’s LVMH on Monday confirmed it had approached U.S. jeweller Tiffany & Co (TIF) over a possible acquisition, in what would be the Louis Vuitton owner’s biggest purchase to date.

Update(s):

November 07, 2019: Tiffany & Co (TIF) has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.

November 21, 2019: French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co (TIF) to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday.

November 25, 2019: Louis Vuitton owner LVMH has agreed to buy U.S. jeweler Tiffany (TIF) for $16.2 billion in the luxury goods maker’s biggest acquisition to date.

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