Stock market quotes, forex, financial news, forex tools –

LVMH buys Tiffany for $ 16.2 billion

 Breaking News
LVMH buys Tiffany for $ 16.2 billion
November 25
13:00 2019

Finally it has happened! A famous French company LVMH Moet Hennessy Louis Vuitton SE has shaken hands with the American chain of jewelry shops Tiffany & Co. The deal will amount to 16.2 billion US dollars.

LVMH has issued a press release from which it became known that $ 135 would be paid for each share of the American company. Initially, Tiffany offered $ 120 per share. LVMH will finance the transaction with its own funds. It is expected that it will be implemented in about half a year.

It should be noted that this purchase is the largest in the history of the French company. The acquisition of Tiffany will allow LVMH to strengthen its position not only in the US market, but in the global jewelry market as well.

LVMH’s intentions became public about a month ago. But they had to bargain: the initial proposal was reviewed at least twice.

The future merger has had a positive effect on the quotes of the both companies. On Friday, Tiffany shares closed the session at $ 125.51. Since the beginning of the month, the price of LVMH securities has increased 3%.

A French billionaire Bernard Arnault runs LVMH Moet Hennessy Louis Vuitton. At the moment, the company is the world’s largest manufacturer of a variety of luxury goods. The company’s portfolio includes about 70 brands.156 thousand people in 70 countries work for the French giant.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment