Tiffany & Co. (TIF) Acquired by LVMH for $135/SH in Cash for Deal Value of Approx. $16.2B

Transatlantic dealmaking sends European shares back to four-year peak

November 25, 2019 3:37 AM EST

By Medha Singh

(Reuters) - European shares posted their best day in six weeks on Monday, as transatlantic deals by Louis Vuitton owner LVMH and Swiss drugmaker Novartis, as well as hopes that the United States and China would seal a trade deal, boosted sentiment.

Shares of LVMH rose 2% as the French firm agreed to buy U.S. jeweler Tiffany (NYSE: TIF) for $16.2 billion in its biggest acquisition yet.

Tiffany's lower-priced rival, Denmark's Pandora A/S , gained 1%, while other luxury goods makers such as Gucci parent Kering , Italian jacket maker... More

Tiffany & Co. (TIF) Near Deal to Be Acquired by LVMH for $135/Share - WSJ

November 24, 2019 4:52 PM EST

LVMH is near a deal to acquire Tiffany & Co. (NYSE: TIF) for $135 per share, or approximately $16.3 billion, the Wall Street Journal reported, citing people familiar with the matter.

The offer is higher than the $120 per share offer LVMH first approached Tiffany with last month.

... More

Tiffany & Co. (TIF) Ticks Lower Into Weekend with Possible LVMH Deal Pending

November 22, 2019 2:01 PM EST

Tiffany & Co. (NYSE: TIF) sees mid-day weakness into the weekend with the possible LVMH takeover pending. The two sides were recently talking after LVMH raised its bid to $130, although that is still not seen as enough for TIF.

... More

Tiffany & Co. (TIF) Falls to Low, Down 1.3%

November 22, 2019 2:00 PM EST

Tiffany & Co. (NYSE: TIF) Falls to Low, Down 1.3%

... More

Tiffany & Co. (TIF) Declares $0.58 Quarterly Dividend; 1.8% Yield

November 21, 2019 11:01 AM EST

Tiffany & Co. (NYSE: TIF) declared a quarterly dividend of $0.58 per share, or $2.32 annualized.

The dividend will be payable on January 10, 2020, to stockholders of record on December 20, 2019, with an ex-dividend date of December 19, 2019.

The annual yield on the dividend is 1.8 percent.

For a... More

Pre-Open Movers 11/21: (AMTD) (PLAN) (SCHW) Higher; (CUB) (BJ) (OPTN) Lower (more...)

November 21, 2019 9:28 AM EST

Pre-Open Stock Movers

TD Ameritrade (NASDAQ: AMTD) 24.5% HIGHER; Charles Schwab (NYSE: SCHW) is in talks to acquire TD Ameritrade (NASDAQ: AMTD) and a deal could be announced as soon as today, CNBC reported.

Cubic Corp. (NYSE: CUB) 14.6% LOWER; reported Q4 EPS of $1.86, $0.08 worse than the analyst estimate of $1.94. Revenue for the quarter came in at $471.2 million versus the consensus estimate of $440.34 million. Cubic Corp. sees FY2020 EPS of... More

Wall Street dips as investors await U.S.-China trade progress

November 21, 2019 8:01 AM EST

By Sinéad Carew

(Reuters) - U.S. stock indexes moved slightly lower on Thursday as investors moved to the sidelines with mixed messages and no concrete signs of progress on U.S.-China relations.

The U.S. House of Representatives passed two bills to back protesters in Hong Kong and send a warning to China about human rights, a measure that angered Beijing.

But China still invited top U.S. trade negotiators for a new round of face-to-face talks in Beijing, the Wall Street Journal reported, citing unidentified sources.

This was a... More

Tiffany & Co. (TIF) PT Raised to $125 at Wells Fargo

November 21, 2019 6:27 AM EST

Wells Fargo analyst Ike Boruchow raised the price target on Tiffany & Co. (NYSE: TIF) to $125.00 (from $100.00) while maintaining a Market Perform rating.... More

Options expected to have increasing volume: TIF M LB GPS JWN

November 21, 2019 5:11 AM EST

Options expected to have increasing volume: TIF M LB GPS JWN

... More