Tiffany: shareholders accept amended LVMH deal

(CercleFinance.com) - LVMH announces that Tiffany's shareholders have voted, by a very large majority, in favour of the amended merger agreement announced on 29 October 2020, relating to LVMH's proposed acquisition of the US jeweler, a deal that is operation which is expected to be completed on Thursday 7 January 2021.


For the record, the amendment at the end of October modified certain terms of the merger agreement concluded in November 2019, reducing the offer price to 131.50 dollars per Tiffany share (in line with its closing price yesterday) and putting an end to legal action between both luxury groups.


Copyright (c) 2020 CercleFinance.com. All rights reserved.