Tiffany Agrees to New Deal Terms With LVMH
LVMH to pay $131.50 a share for the U.S. jewelry maker, saving it roughly $430 million
✒ The drama of backing out of the deal and taking the case to the court, has been about price negotiation. No matter how predictable, this $16.6bn soap opera is irresistible to watch.
The revised price of $131.5 per share means a $400m+ discount, but whether it turns out to be a good move for LVMH remains to be seen, as the pandemic has badly hurt demand for luxury brands, and the move might make LVMH’s next acquisition targets hesitate.