TIF - Tiffany and LVMH Get EU Green Light Merger May Happen After All
Jewelry and luxury goods companies Tiffany & Co. (NYSE: TIF) and LVMH Moet Hennessy (OTC: LVMHF) , or LVMH, may go forward with their long-delayed merger after all, according to news from several sources this morning. The European Commission of the EU finally completed its review of the regulatory and anti-competitive standing of the deal and approved it to move forward today, according to Reuters.
The European Commission's go-ahead was the final governmental approval required before LVMH's acquisition of Tiffany, originally set at $16.2 billion, could move forward. While the legal field is now clear to for the two companies to seal the deal just a few days short of a year since the merger was first announced, litigation between the two still needs to be resolved before the purchase is completed.
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Tiffany and LVMH Get EU Green Light, Merger May Happen After All