Tiffany & Co has received regulatory approvals from the European Commission for its US$16 billion acquisition by French luxury goods group LVMH , the U.S. jeweler said on Monday.
FILE PHOTO: A Tiffany & Co. logo is seen outside a store in Paris, France, September 18, 2020. REUTERS/Charles PlatiauREUTERS: Tiffany & Co has received regulatory approvals from the European Commission for its US$16 billion acquisition by French luxury goods group LVMH , the U.S. jeweler said on Monday.
The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.Tiffany added that with the EU nod, it had all regulatory approvals required for the completion of the deal.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: EU antitrust regulators set to clear Fiat-PSA merger - sourcesEU antitrust regulators are set to clear the merger of Fiat Chrysler (FCA) and France's PSA to create the world's fourth-largest carmaker, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Fiat, PSA to win EU approval for US$38 billion merger, sources sayEU antitrust regulators are set to clear the merger of Fiat Chrysler (FCA) and France's PSA to create the world's fourth-largest carmaker, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US regrets EU move on tariffs, seeks deal on Boeing-Airbus row: speechThe United States on Monday told the WTO that it regretted the European Union's seeking retaliatory tariffs for Boeing subsidies, and that it ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Commentary: Why is Microsoft strangely silent about Google’s antitrust lawsuit?The silence says a lot about how the relationships between the biggest US tech companies — part-rival, part-ally — have evolved, says an observer.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Spirit cuts purchase price for Bombardier aerostructures unit as COVID-19 hits industryU.S. aircraft parts maker Spirit AeroSystems said on Monday it reached a deal with Bombardier Inc to cut the cash component of a deal to buy the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coca-Cola Amatil gets US$6.6 billion takeover offer from Coca-Cola European PartnersCoca-Cola Amatil Ltd said on Monday that Coca-Cola European Partners offered to buy the Australian bottler for AUS$9.23 billion (US$6.58 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »