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October 28, 2020

Tiffany, LVMH discuss new terms for proposed merger   

Global luxury jeweller Tiffany & Co and LVMH Moët Hennessy Louis Vuitton are reportedly in talks over new terms for their proposed merger.  

Global luxury jeweller Tiffany & Co and LVMH Moët Hennessy Louis Vuitton are reportedly in talks over new terms for their proposed merger.  

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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The revised terms could require LVMH to acquire Tiffany for $130 to $133 a share, CNBC reported citing people familiar with the development. The sources also added that the companies are seeking the transaction to be done soon.

Under the original agreement last November, the two companies agreed on a deal that would see LMVH acquire Tiffany & Co for $16.2bn or $135 per share in cash.  

Tiffany shares rose approximately 5% on 27 October to about $128.75.  

Earlier this week, Tiffany confirmed it received all regulatory approvals needed to complete the acquisition, after securing approval from the European Commission.  

Last month, the US Delaware Chancery Court set 5 January 2021 as the trial date for Tiffany & Co’s lawsuit against LVMH.  

Tiffany filed a lawsuit against LVMH seeking the latter to stand by its contractual obligation to complete the previously agreed deal.  

In June, LVMH revealed plans that it will not acquire luxury jewellery and speciality retailer shares on the market following the coronavirus pandemic.  

Tiffany & CO has more than 300 retail stores across the globe under its omnichannel approach.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.