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TIF - Tiffany: Attractive M&A Spread As LVMH Countersues
September, 29 2020 10:43 AM
Tiffany & Co.
LVMH countersues Tiffany and brings expected claims. LVMH faces challenges to try and walk away here. The firm needs to show there's been a material adverse event without the benefit of carve-outs. LVMH still argues the French government letter constitutes an order. At a 10.5% spread this is still a very attractive M&A situation. For further details see:
Tiffany: Attractive M&A Spread As LVMH Countersues
Stock Information
Company Name:
Tiffany & Co.
Stock Symbol:
TIF
Market:
NYSE
Website:
tiffany.com
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