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TIF - Tiffany's Appears To Have Better Hand In Merger Disagreement With LVMH
Tiffany & Co.
The acquisition of Tiffany's (TIF) by Louis-Vuitton (LVMHF) has turned into a real circus. There is a new Bloomberg article out that basically says LVMH Chairman Arnault sought support with the deal from the French government:
LVMH cited a letter by Foreign Minister Jean-Yves Le Drian about the trade dispute with the U.S. as a reason to get out of the deal. One person said the billionaire personally reached out to the government to get a state of play on those talks.
Arnault initially sought support from the finance ministry, which