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TIFFANY + CO. DL-,01 (TIF.DU)

Dusseldorf - Dusseldorf Delayed price. Currency in EUR
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97.02+0.28 (+0.29%)
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  • Tiffany (TIF) Condemns LVMH's Request to Delay Merger Deal
    Zacks

    Tiffany (TIF) Condemns LVMH's Request to Delay Merger Deal

    Tiffany (TIF) states that LVMH is deliberately trying to stall court proceedings to avoid completing the deal on time.

  • In row with Tiffany, LVMH may find that most sales are final
    Reuters

    In row with Tiffany, LVMH may find that most sales are final

    Tiffany last week sued LVMH in the Delaware Court of Chancery, the top U.S. business court, after the maker of Louis Vuitton handbags said it could not complete the acquisition, citing a French government request to delay the close and Tiffany's deteriorating business outlook due to the COVID-19 pandemic. LVMH has said it will defend itself vigorously. In a filing on Wednesday, it accused Tiffany of mismanaging the pandemic's financial fallout and arguing this has triggered a material adverse effect (MAE) that nullifies their agreement.

  • Tiffany Accuses LVMH of Trying to 'Run Out the Clock' by Opposing Expedited Trial
    Motley Fool

    Tiffany Accuses LVMH of Trying to 'Run Out the Clock' by Opposing Expedited Trial

    Tiffany & Co. (NYSE: TIF) says LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) is stalling for time to ensure the deadline for their busted merger expires. The jeweler is suing the fashion house to force it to complete its $16 billion acquisition, but says LVMH is opposing a quick trial because it wants the Nov. 24 deadline to pass, after which it won't have to close on the purchase. In a statement yesterday, Tiffany chairman Roger Farah said, "If LVMH were confident in its legal position, it would have no reason to oppose an expedited trial schedule."

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