LVMH, Tiffany Push Back $16.2 Billion Deal Deadline to Nov. 24 -Reuters
25 August 2020 - 5:53PM
Dow Jones News
-- Luxury-goods company LVMH Moet Hennessy Louis Vuitton SE and
U.S. jeweler Tiffany & Co. have extended by three months, until
Nov. 24, the deadline to complete their $16.2 billion deal, Reuters
reported Monday, citing an unnamed source.
--LVMH failed to close the acquisition of Tiffany on August 24,
according to Reuters.
--Under the deal, both companies set August 24 as the first
deadline to complete the tie-up but Tiffany decided to exercise an
existing option that allows it to push back the deadline to Nov.
24, Reuters reported.
Full story: https://reut.rs/3aTaUSg
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(END) Dow Jones Newswires
August 25, 2020 03:38 ET (07:38 GMT)
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