With equivalent statements, LVMH and Tiffany & Co. confirm a brand new deal has been struck. The Merger Agreement is to be revised with a decrease buy price of $US131.50 per share and new closing conditions. In a statement released on its website, LVMH management expresses “shock” at Tiffany & Co.’s authorized submitting within the US, calling it “completely unfounded” and “communicated in a deceptive method to shareholders and… defamatory”. The acquisition of Tiffany & Co. will greater than double LVMH’s revenue in the watches and jewellery class. Media stories, quoting sources close to the negotiation, point out that the…
