Tiffany Confirms Receipt of Unsolicited, Non-Binding Proposal from LMVH
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Tiffany & Co. (TIF) Should Command $160-$180/Share in a Sale to LVMH - Cowen
October 28, 2019 8:14 AM EDTCowen analyst Oliver Chen weighed in on a possible takeover of Tiffany & Co. (NYSE: TIF) by LVMH and said TIF deserves an "exceptional premium" of 20x EBITDA or higher, or $160 per share.
"Based on our analysis, LVMH has ample financial capacity for a deal and we also expect many strategic and financial synergies given margin expansion, product extension, and global... More
