2020-06-03 09:36:56 | Tiffany hasn't heard from LVMH about any deal issues, CNBC reportsTiffany (TIF) hasn't heard from LVMH (LVMUY) regarding any issues about the pending merger, CNBC's David Faber reports after Women's Wear Daily reported yesterday that LVMH's takeover bid is "suddenly looking a lot less certain" after members of its board met specifically to discuss the proposed deal given the deteriorating situation in the U.S. LVMH's contract to acquire Tiffany is a "pretty tight one," and advisers for both sides are not aware of any deal issues, Faber added. Shares of Tiffany are down 1% to $115.70 in early trading, below the acquisition price of $135 per share. |
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