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LVMHF - Why I'm Holding Tiffany As LVMH Tries To Walk
LVMH Moet Hennessy Louis Vuitton
I like the LVMH Moët Hennessy Louis Vuitton SE (LVMHF) deal for Tiffany & Co. (TIF) at $135 per share. Against my expectation, LVMH is now attempting to walk away from this deal. Per Seeking Alpha's wire:
In response to various actions and inactions by LVMH Tiffany's filed a lawsuit in the Court of Chancery of the State of Delaware against its acquirer. The goal of the suit is to seek an order forcing LVMH to follow through and close the deal at $135 per share.