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Tiffany: shareholders to vote on merger deal in February

(CercleFinance.com) - Shareholders of Tiffany & Co.
will vote next month on whether to back the 16 billion dollar merger with French luxury giant LVMH.

Shareholders of the 182-year old jeweler will vote at 9 a.m on Tuesday 4 February at the company's corporate office on Fifth Avenue, New York.

For the record, the company's board of directors recommends that shareholders vote in favor of the proposal to adopt the merger deal, which is expected to close in the middle of 2020.

As part of the deal, LVMH is offering 135 dollars per share to buy the U.S. jewellery chain.

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