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Tiffany & Co. (TIF) Reports Filing of Lawsuit Against LVMH to Enforce Merger Agreement
September 9, 2020 6:36 AM EDTTiffany & Co. (NYSE: TIF) today announced that it has filed a lawsuit in the Court of Chancery of the State of Delaware against LVMH Moët Hennessy-Louis Vuitton SE and related entities (LVMH).
The lawsuit relates to the November 24, 2019 Merger Agreement between Tiffany and LVMH providing for the acquisition of Tiffany by LVMH and seeks, among other things, an order requiring LVMH to abide by its contractual obligation under the Merger Agreement to complete the transaction on the agreed terms.
The lawsuit not only makes clear that LVMH is in breach of its obligations... More
