(Bloomberg Opinion) — If you liked it, you should have put a ring on it. But Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton SE, has decided he didn’t like Tiffany & Co. quite enough to consummate his $16 billion takeover of the iconic U.S. jeweler.The $135-per-share deal lost its luster after the luxury world was hit by the global pandemic. Even before LVMH’s decision, Tiffany’s shares were trading at $121.80. LVMH investors were also already pricing in chances the deal wouldn’t go ahead too. Shares of the French owner of the Louis Vuitton and Christian Dior brands fell …read more
Source:: Yahoo Finance
