{"id":144757,"date":"2020-12-30T21:07:23","date_gmt":"2020-12-30T18:07:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tiffany-shareholders-back-lvmh-takeover-ending-dispute\/"},"modified":"2020-12-30T21:07:23","modified_gmt":"2020-12-30T18:07:23","slug":"tiffany-shareholders-back-lvmh-takeover-ending-dispute","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tiffany-shareholders-back-lvmh-takeover-ending-dispute\/","title":{"rendered":"#Tiffany shareholders back LVMH takeover, ending dispute"},"content":{"rendered":"

“#Tiffany shareholders back LVMH takeover, ending dispute<\/strong>”
\n<\/p>\n

\n

Tiffany\u00a0& Co\u2019s shareholders on Wednesday app<\/a>roved a $15.8 billion deal with France\u2019s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year.<\/p>\n

At a virtual special stockholder meeting, more than 99 percent of votes cast were in favor of the deal.<\/p>\n

Billionaire Bernard Arnault-led LVMH made the first offer late last year, but as the luxury industry slipped into turmoil due to the COVID-19 pandemic, the company backed out from its promise to close the deal.<\/p>\n

LVMH also cited French political intervention to delay completing the acquisition until Jan. 6, pushing\u00a0Tiffany\u00a0into a legal battle in September to force LVMH to honor the deal.<\/p>\n

Tiffany\u00a0had earlier said its sales were improving, citing demand recovery in the United States ahead of the holiday season and China, one of its biggest markets.<\/p>\n

LVMH then renegotiated the deal price, lowering it by $425 million. The deal, now cleared by regulators, is expected to close in early 2021.<\/p>\n

As agreed in October, LVMH will pay $131.5 per share, down from $135 in the original deal signed late last year.\n <\/p><\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Tiffany shareholders back LVMH takeover, ending dispute” Tiffany\u00a0& Co\u2019s shareholders on Wednesday approved a $15.8 billion deal with France\u2019s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99 percent of votes cast were in favor of the…<\/p>\n","protected":false},"author":1,"featured_media":144758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/12\/tiffany-oks-lvmh-takeover.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[88149,88234,75327,70584,70741],"class_list":["post-144757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-30-20","tag-bernard-arnault","tag-luxury","tag-mergers-acquisitions","tag-tiffany-co"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/144757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=144757"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/144757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/144758"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=144757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=144757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=144757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}