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Affected By The Outbreak, LVMH Will Delay The Purchase Of Tiffany Company
Due to the outbreak of a new type of coronavirus in foreign countries, Tiffany (Tiffany&Co.) said it would postpone the acquisition of LVMH Corp. Australian regulators need more time to review the statutory review deadline from April 8th to October 6th.
It is understood that in 11 last year, the acquisition of news. According to the agreement, LVMH will complete the purchase of Tiffany company at the price of 135 US dollars per share. However, due to the impact of the epidemic, Tiffany's share price has dropped to $129 / share. Meanwhile, Tiffany has temporarily closed some of the world's stores, including all stores in the United States and Canada.
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