Tiffany and LVMH are discussing new terms for their US$16 billion merger, which could help resolve an ongoing dispute between the two companies.
The luxury conglomerate and the storied New York jeweler are renegotiating the terms of their proposed union after LVMH tried to walk away last month — sparking a heated legal battle that’s slated to go to trial in January, sources said.
The new terms would see LVMH, the French luxury giant behind pricey labels like Louis Vuitton and Fendi, purchase Tiffany for US$130 to US$133 per share, according to The Financial Times, a slight discount from the original price of US$135 per share that the companies settled on last year, valuing the company at more than US$16 billion. Each dollar that’s knocked off the per-share purchase price would save LVMH about US$121 million based on Tiffany’s number of outstanding shares.
Tiffany has indicated that it’s open to a lower price as long as it isn’t less than US$130 per share and LVMH closes the deal without changing any more terms, according to the Financial Times.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI