Posts tagged: LVMH

Punters placing bets LVMH's $16 billion takeover of Tiffany could be in trouble, according to Gasparino - Part 6

Thursday, 10 September 2020, 9:53 am

Many today's business section front pages lead with the (potential) collapse of LVMH's $16 billion bid for upmarket jeweller Tiffany.

But back in mid March the highly respected former WSJ hack and Fox Business reporter Charlie Gasparino flagged that some investors were positioning themselves for the possibility of the deal falling over or at the very least price renegotiation by wily Bernie Arnault. Click on the link below to remind yourself of that piece:..

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Tags: LVMH, Tiffany

Punters placing bets LVMH's $16 billion takeover of Tiffany could be in trouble, according to Gasparino - Part 5

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:..

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Punters placing bets LVMH's $16 billion takeover of Tiffany could be in trouble, according to Gasparino - Part 2

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...

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