LVMH, Tiffany in Talks Over New Terms for Potential Takeover -FT
October 27 2020 - 12:11PM
Dow Jones News
--LVMH Moet Hennessy Louis Vuitton is in talks with Tiffany
& Co. over new terms for a potential combination, reports the
Financial Times, citing unnamed sources.
--The French luxury-goods company is open to new terms after
U.S. jeweler Tiffany indicated recently it was willing to consider
a bid lower than the original $135 a share, as long as it remained
above $130 a share, the FT reports, adding that negotiations are
continuing.
--LVMH had previously threatened to walk away from the deal, and
the two sides currently have active lawsuits against each other in
the U.S.
Full story: https://on.ft.com/31O0xfd
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(END) Dow Jones Newswires
October 27, 2020 11:56 ET (15:56 GMT)
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