PARIS - LVMH, the world’s biggest luxury group, said on Monday it had approached Tiffany & Co about a possible takeover of the U.S. jeweler.
One source familiar with the matter said LVMH, which owns the Louis Vuitton and Bulgari brands among others, had proposed a bid valuing Tiffany at about $120 per share. That would be equivalent to a $14.5 billion acquisition offer - which would make it the acquisitive French group’s biggest purchase to date.Cash-rich LVMH did not give any financial details.
That has pressured its sales in recent quarters, as it tries like its rivals to push further into mainland China to capture the shift in spending patterns as Chinese clients splurge more at home.
Source: Loan Digest (loandigest.net)
harleydavidson ScottWalker art GuyRyder alwayschoice jeweler's settings real piece of work bet even science NASAExhibit diamond NASAGoddard value of dress not worth of name clickhere attn houseintel LegacyNewsroom askfbi sounds civilrights issue Chronicle concepts
Tweet tweet
Toot toot, zoot zoot
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Louis Vuitton maker LVMH reportedly makes Tiffany & Co. takeover bidSo, like, THIS is what that was about? Did Trump think he was making a profit, finally, off his other daughter? 😶
Source: USATODAY - 🏆 100. / 63 Read more »
LVMH confirms talks over possible acquisition of jeweler TiffanyLVMH, the world's biggest luxury goods conglomerate, confirms talks over a possible acquisition of jeweler Tiffany & Co, sending LVMH’s shares up 1% in early trading Are you gonna ally, or you will get big enemy. Now decide your destiny. 兆はえぐいな
Source: Reuters - 🏆 2. / 97 Read more »
Tiffany Receives $14.5 Billion Takeover Offer From LVMHTiffany has received a takeover approach from LVMH Moët Hennessy Louis Vuitton, which is seeking to add the iconic U.S. jeweler to its portfolio of upscale brands. That's great. And that part may add one zero correspondingly, that is 500m, with a discount, 300m. thisis50 Be great if you could provide the premium in the headline. The price means nothing without that context.
Source: WSJ - 🏆 98. / 63 Read more »
LVMH Moet Hennessy Louis Vuitton SEMC | Complete LVMH Moet Hennessy Louis Vuitton SE stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Source: MarketWatch - 🏆 3. / 97 Read more »
LVMH confirms talks over possible acquisition of jeweler TiffanyLVMH, the world's biggest luxury goods conglomerate, confirms talks over a possible acquisition of jeweler Tiffany & Co, sending LVMH’s shares up 1% in early trading Are you gonna ally, or you will get big enemy. Now decide your destiny. 兆はえぐいな
Source: Reuters - 🏆 2. / 97 Read more »
Tiffany Receives $14.5 Billion Takeover Offer From LVMHTiffany has received a takeover approach from LVMH Moët Hennessy Louis Vuitton, which is seeking to add the iconic U.S. jeweler to its portfolio of upscale brands. That's great. And that part may add one zero correspondingly, that is 500m, with a discount, 300m. thisis50 Be great if you could provide the premium in the headline. The price means nothing without that context.
Source: WSJ - 🏆 98. / 63 Read more »