TIF - Tiffany & Co.: Investors White-Knuckling Through The Merger Closing
Tiffany & Co. (NYSE: TIF) is on the cusp of consummating its merger with LVMH Moet Hennessy-Louis Vuitton SE (OTCPK: LVMUY, LVMHF). But until the agreement becomes effective, it looks like Tiffany investors will be white-knuckling all the way through the finish line.
The reason for the market tension is two-fold: 1) LVMH's public posture toward this deal leaves investors dubious of its conviction in consummating the transaction; and 2) the parties are still awaiting several key regulatory approvals that could inevitably delay or, quite possibly, derail the merger by providing LVMH