Shares in the US jewelry seller and the French luxury-goods giant climbed after they agreed a $16.2 billion merger.
Shares in Tiffany & Co and LVMH jumped on Monday after the pair agreed a $16.2 billion merger, the largest luxury deal in history. The US jewelry retailer accepted an offer of $135 in cash per share from the French luxury-goods giant, after rejecting a lower offer earlier this month, Reuters reported. Watch Tiffany & Co and LVMH trade live. Shares in Tiffany & Co jumped 6% in pre-market trading in New York, and LVMH stock climbed 2% in Paris, after the pair agreed a $16.
Shares in Tiffany & Co and LVMH jumped on Monday after the pair agreed a $16.2 billion merger, the largest luxury deal in history. The US jewelry retailer accepted an offer of $135 in cash per share from the French luxury-goods giant, after rejecting a lower offer earlier this month, Reuters reported. Watch Tiffany & Co and LVMH trade live. Shares in Tiffany & Co jumped 6% in pre-market trading in New York, and LVMH stock climbed 2% in Paris, after the pair agreed a $16.
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