Tiffany Sets Stockholder Meeting to Vote on Merger With LVMH
31 Dicembre 2019 - 11:36PM
Dow Jones News
By Stephen Nakrosis
Tiffany & Co. (TIF) on Tuesday said it will hold a special
meeting of stockholders to vote on a merger proposal with LVMH Moet
Hennessey Louis Vuitton (LVMUY) on Feb. 4.
Tiffany said the meeting will be held at its New York City
corporate offices on Fifth Avenue.
In November, the two companies said they reached an agreement
that would see LVMH acquire Tiffany for $135 per share in cash. The
deal has an equity value of about $16.2 billion, the companies said
at the time.
The boards of both companies have agreed to the deal, which is
expected to close in the middle of 2020.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 31, 2019 17:21 ET (22:21 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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