-- Luxury-goods company LVMH Moet Hennessy Louis Vuitton SE and U.S. jeweler Tiffany & Co. have extended by three months, until Nov. 24, the deadline to complete their $16.2 billion deal, Reuters reported Monday, citing an unnamed source.

--LVMH failed to close the acquisition of Tiffany on August 24, according to Reuters.

--Under the deal, both companies set August 24 as the first deadline to complete the tie-up but Tiffany decided to exercise an existing option that allows it to push back the deadline to Nov. 24, Reuters reported.

Full story: https://reut.rs/3aTaUSg

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(END) Dow Jones Newswires

August 25, 2020 03:38 ET (07:38 GMT)

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