LVMH Looking to Renegotiate $16 Billion Tiffany Deal
Maybe LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) is trying to get a better price for Tiffany (NYSE: TIF) after all. It maintained, "LVMH is currently committed not to buy Tiffany shares." Acquiring the stock that way would have significantly lowered the cost of the deal as Tiffany's stock plunged about 20% or so to around $105 a share when the COVID-19 outbreak was declared a pandemic.