It was never going to be plain sailing completing M&A deals during a pandemic but some of the attempts by acquirers to wriggle out of definitive purchase agreements show a whiff of desperation. Let's consider three high profile 'stressed' M&A deals.
Tiffany/LVMH - Deal Looks On
Tiffany (TIF) has been a merry-go-round over the last couple weeks after a report published by WWD indicated LVMH (LVMUY) was seeking to re-negotiate the $16 billion deal. A subsequent report by Reuters suggested LVMH would not challenge the deal terms. As of now, the gross spread