|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||98.49 - 98.95|
|52-week range||78.74 - 124.28|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Tiffany (TIF) and LVMH are in a legal tussle over the stalled merger agreement. Per sources, LVMH countersues Tiffany on financial mismanagement allegations.
A war of words between LVMH and Tiffany escalated on Tuesday with the French group describing Tiffany's prospects as "dismal" and the U.S. jeweller accusing LVMH of improperly trying to renegotiate a takeover deal. The Louis Vuitton owner's $16 billion purchase of Tiffany <TIF.N> came close to collapse this month after LVMH <LVMH.PA> said it could not complete the deal by a Nov. 24 deadline, triggering a legal battle. LVMH cited an official foreign ministry request to delay closing the deal to January, following trade tensions with the United States and worsening business conditions at Tiffany because of the coronavirus emergency.
Tiffany & Co. (NYSE: TIF) today responded to baseless and misleading counterclaims finally filed yesterday by LVMH Moët Hennessy-Louis Vuitton SE ("LVMH") in Delaware Chancery Court -- 18 days after LVMH said it intended to assert claims.