Tiffany: shareholders approve merger with LVMH
(CercleFinance.com) - Tiffany shareholders have approved the jeweler's plan to merge with French giant LVMH, clearing another hurdle to a deal that would create a luxury powerhouse.
Approximately 71% of the company's shares voted in favor of the proposal to adopt the merger, the New York-based company said.
Tiffany expects that the merger will be completed in the middle of 2020.
For the record, LVMH does not need to ask its shareholders to approve the deal.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Approximately 71% of the company's shares voted in favor of the proposal to adopt the merger, the New York-based company said.
Tiffany expects that the merger will be completed in the middle of 2020.
For the record, LVMH does not need to ask its shareholders to approve the deal.
Copyright (c) 2020 CercleFinance.com. All rights reserved.