Posts tagged: LVMH
Wednesday, 3 June 2020, 8:12 am
Tiffany's shares slumped almost 10pc overnight amid a talk LVMH is getting cold feet again about the $16 billion takeover.
This time, though, it's not Gasparino but Women's Wear Daily stoking concerns with a report claiming LVMH's board members are to hold/held a meeting to discuss whether the company should back out of the deal. Below is a link to the WWD scoop:..
Monday, 23 March 2020, 11:22 am
The mystery surrounding LVMH's intentions to buy Tiffany for $16 billion continues.
This morning LVMH has issued a statement that it is "currently committed" to NOT buy shares in Tiffany. Below is a link:
Friday, 20 March 2020, 11:00 am
So, Tiffany's shares leapt almost 14pc last night to $126 after Bloomberg reported LVMH is looking at ways to take advantage of the discount to its £$135 offer price by buying stock in the market. Below is the link to the Bloomie scoop:..
Monday, 16 March 2020, 9:33 pm
Wow: Tiffany is down almost 10pc, trading around $115 a share.
That's quite a discount to LVMH's $135 / $16 billion cash offer price. I guess Gasparino was barking up the right tree on Friday with his note about punters placing bets on the deal falling through - although I'm not quite sure how that would work in practicality...