LVMH Moet Hennessy Louis Vuitton SE said Thursday that it isn't considering buying shares in Tiffany & Co. on the open market. The French company said its board met on Tuesday to discuss the impact of the coronavirus pandemic on Tiffany and the agreement between the companies. Shares in the U.S. company fell sharply on Tuesday after media reports that the roughly $16 billion takeover offer made by the French luxury company now looked uncertain.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tiffany Stock Plunges 9% After Report That LVMH Deal Could Fall ThroughTrading was briefly halted as the jeweler's stock fell.
Read more »
LVMH-Tiffany Deal Seen as Uncertain: SourcesThe board of the luxury giant met in Paris specifically to discuss the proposed deal amid a deteriorating situation in the U.S. market.
Read more »
LVMH's $16.2 billion deal to acquire Tiffany is looking uncertain: WWD report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Tiffany Stock Plunges 9% After Report That LVMH Deal Could Fall ThroughTrading was briefly halted as the jeweler's stock fell.
Read more »
LVMH's Arnault mulls ways to renegotiate deal with Tiffany: sourcesLVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co , as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said on Wednesday.
Read more »