LVMH: modified merger agreement with Tiffany
(CercleFinance.com) - LVMH and Tiffany announce that they have entered into an agreement amending certain terms of the merger agreement entered into in November 2019, reducing the offer price to 131.
50 dollars per share, thereby increasing the certainty that the deal will be completed.
The other principles contained in the merger agreement remain unchanged. This agreement puts an end to all legal proceedings between the French luxury goods giant and the US jeweller at the Delaware Court.
The amended agreement provides that the quarterly dividend (0.58 dollar per share) announced for November 19 will be paid by Tiffany. The transaction is expected to be completed in early 2021, subject to customary conditions.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
50 dollars per share, thereby increasing the certainty that the deal will be completed.
The other principles contained in the merger agreement remain unchanged. This agreement puts an end to all legal proceedings between the French luxury goods giant and the US jeweller at the Delaware Court.
The amended agreement provides that the quarterly dividend (0.58 dollar per share) announced for November 19 will be paid by Tiffany. The transaction is expected to be completed in early 2021, subject to customary conditions.
Copyright (c) 2020 CercleFinance.com. All rights reserved.