Tiffany & LVMH: After The Break-Up, Time For Kiss and a $15.8bn Make Up!

Market Analysis
29/10/2020 09:25

In a joint statement, both parties have announced they have lowered the agreed share price down from US$135 to US$131.5, a significant US$400m less than the original merger. JCK's Rob Bates reports about the rumors that Tiffany and LVMH, who got caught up in a legal battle after the latter announced they would back out of the deal to buy the iconic jeweler, might be back in negotiations to conclude the deal after all. Bates cites various sources that say both parties are in talks on a revised deal, potentially with a lower - US$130-US$133/share compared to the original US$135 - price tag for LVMH.