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Tiffany Has Asked For A Postponement Until The End Of The Year
Tiffany has asked for a postponement until the end of the year after the previous deadline had already been postponed to November 24th.
Yazar: Tom Roberts
Yayınlanma: 10 Eylül 2020 23:28
Güncellenme: 8 Mayıs 2024 18:38
Tiffany Has Asked For A Postponement Until The End Of The Year
After a number of incidents that could affect the takeover, LVMH does not see itself in a position to carry out the acquisition as planned, the French group announced. The LVMH board of directors had previously met to review the proposed investment in the wake of recent developments. Accordingly, the acquisition should take place after January 6th at the earliest, because otherwise additional American tariffs on products from France threatened. In addition, according to LVMH, Tiffany has asked for a postponement until the end of the year after the previous deadline had already been postponed to November 24th. LVMH rejects this: "As things stand, the group is therefore not in a position to carry out the acquisition of Tiffany."Tiffany wants the takeover - absolutely
Tiffany, on the other hand, apparently wants to continue to hide with the French group, which also includes Louis Vuitton, TAG Heuer, Christian Dior and the Belmond Hotels. The American group announced that a lawsuit had been filed to force the takeover. The aim is a purchase on the terms agreed last year. With an agreed $ 16.2 billion deal, the deal would be the most expensive deal in the French company's history. The stock market no longer seems to believe in the expensive takeover. The Tiffany share collapsed in pre-market trading in America by 17 percent at times to just over 100 US dollars. In contrast, the LVMH papers were unimpressed.İLGİLİ HABERLER
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