Tiffany Is A Diamond In The Rough

9/9/20

By Brad Thomas, SeekingAlpha

Shares of Tiffany (TIF) are down -8.2% pre-market after The Wall Street Journal reported that luxury goods giant LVMH Moët Hennessy Louis Vuitton is backing out of its $16.2 billion takeover.

LVMH claims that "both Tiffany and the French government asked it to delay the acquisition beyond the closing date allowed by the merger agreement".

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