Mergers and Acquisitions

The FAS approved the merger of LVMH and Tiffany & Co. Companies still need to get regulatory approval from a number of other countries, including China, Japan and South Korea, as well as the European Commission. Previously, the transaction was approved by the boards of directors of both companies, as well as the regulators of the USA, Australia and Canada. Under the terms of the agreement, signed by the companies in November 2019, LVMH will pay $135 per share of Tiffany. The entire company is valued at €14.7 billion.