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Tiffany & Co. (TIF)

NYSE - NYSE Delayed Price. Currency in USD
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131.72+0.14 (+0.11%)
At close: 1:04PM EST
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  • B
    Bob O
    um above the buyout price thats funny LOL
  • M
    Martin
    WSJ reports deal nearing agreement at $131.5
  • A
    AndrewJ5267
    October 26 is the final day for the EU decision; that is the last/final approval needed for the acquisition to be complete.
    For LVMH to fight the acquisition contract after that would only translate to large, totally unnecessary court/lawyer expenses ultimately ending in a loss of the court case.

    Who else is buying options for an easy 4+ times their investment?
  • A
    AndrewJ5267
    There it is! The last regulatory approval needed. LVMH now has ZERO legal standing for withdrawing from the acquisition.

    "Mon, October 26, 2020, 5:36 PM EDT
    (Reuters) - Tiffany & Co has received regulatory approvals from the European Commission for its $16 billion acquisition by French luxury goods group LVMH, the U.S. jeweler said on Monday.

    The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.

    Tiffany added that with the EU nod, it had all regulatory approvals required for the completion of the deal."
  • A
    AndrewJ5267
    "BRUSSELS, Oct 14 (Reuters) - EU antitrust regulators are set to approve French group LVMH's acquisition of U.S. jeweller Tiffany at the end of its preliminary review of the $16 billion deal, people familiar with the matter said."

    Investors are banking on LVMH to move forward with the acquisition, once all country regulators approve the deal. LVMH will be viewed as having ZERO legal reasons to cancel the acquisition and would likely face paying extensive 'damages' in addition to the acquisition price. They tried; TIF is not backing down; it's about to be over.
  • M
    Mike T
    France now control American luxury market.
  • M
    Max
    This is typical behavior by the French. Buyers remorse.

    I predict LVMH will be ordered by the court to close the transaction at $135/share. LVMH case is not meritorious.

    Only exception to my thesis is if the Tiffany BOD decides to avoid the litigation and choose a pragmatic path.
    Bullish
  • M
    Mike T
    Looks like luxury industry is control by Europe now.
  • h
    howard
    I read an article that said over half merger litigation cases end up will the deal going through, but at a lower price. Average discounted price is 15%
  • A
    AndrewJ5267
    After Hours trading ... seems to be more than just a single 1-share purchase ... any idea why the higher price?
    Maybe word that the EU commission is approving the merger?
  • h
    howard
    My guess is.....This thing will be settled in January, right before the trial. Expecting 120-128, with less if the stock market falls apart and doesn’t rebound
  • C
    C
    We should get the first test of TIF’s legal strategy in whether the court grants their motion to expedite trial, which LVMH opposes.
  • M
    Mark W
    Tiffany shareholders should go and read up on the Akorn deal which a German company, Fresenius, was acquiring. Fresenius prevailed by saying Akorn management violated certain disclosures involving FDA findings at plants Akorn had manufacturing drugs. Akorn's business was only impacted by the cost to mitigate the issues found by the FDA. Sales may have been impacted by delays in production while going through the process to remedy the findings. Akorn's business was mostly impacted by increased competition in the generic drug space. This was apparent in their quarterly earnings calls from the merger announcement date up to the date Fresenius backed out of the deal. An informed or educator buyer of a generic drug company should be considered as someone who could foresee negative impact on sales from increased competition in a business in which they operate in, yet Fresenius got out of the deal.

    Nobody could have foreseen the impact of a Corona Virus on a business until after the fact.
  • A
    AndrewJ5267
    #$%$ is going on???I have never seen anything like this, related to an acquisition."PARIS, Sept 18 (Reuters) - LVMH said on Friday it had submitted its troubled takeover of Tiffany, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings.Tiffany sued LVMH last week after the French group said it could no longer complete the planned purchase of the U.S. jeweller due to a request by the French government to delay the closing of the deal and the weakening of Tiffany's business."LVMH confirms that earlier today, immediately after receiving approval to proceed by the European Commission, it has submitted the proposed acquisition of Tiffany for antitrust review, as it has always stated it would do," it said."
  • A
    AndrewJ5267
    What do you'all think ... will a class action shareholder lawsuit be filed against LVMH for losses incurred as a result of LVMH's news release about not going through with the acquisition? Maybe AFTER the acquisition is completed?
  • C
    C
    I closed my position today. While there's potentially more money to be made, I don't have the time to wait when there are much more lucrative opportunities. I made some money on this bet, and I'm happy enough to sink the profits into another bet. I am still exploring options bets. I would still like to own TIF at a lower price if Mr. Market allows it, and I am looking at call pricing. I think the likeliest outcome between LVMH and TIF is that a new, somewhat lower sales price will be worked out. If I had to say, in the $100 - 115 neighborhood, but this is just a guesstimate.
    Neutral
  • b
    b
    couple things, first LVMH is not going to be able to get out of this deal, LVMH maybe buying up stock on the open market to get a cheaper price, they were looking at doing this before, they will try and renegotiate the buyout price, in the end will go for 135 and shorts will get screwed and those that sold screwed and LVHM getting a better deal.
  • C
    C
    Hard to see why reaction has been pretty muted so far. Are TIF shareholders gambling that Kering or Richemont will come in with a bid comparable to LVMH’s? That seems pretty absurd. I think it wasn’t the best move long-term for LVMH to break the deal, but they crossed the Rubicon now. They might yet propose a lower price for TIF once the trade deal is made, especially with a Biden admin, but maybe TIF won’t agree then, given LVMH pulling the levers of French government to get what it wants. Arnault is clearly not a mensch; he is not to be trusted.
    Bearish
  • J
    João
    "We are reducing our fair value estimate for Tiffany & Co. to $112 per share following a surprise announcement from LVMH that the company will not be able to complete the acquisition of Tiffany & Co. Despite the recent rumours of LVMH seeking to renegotiate the deal, we maintained our view that the deal will go through given its solid strategic rationale and likelihood that LVMH will adopt long-term thinking." Information published by Morningstar website - Jelena Sokolova, CFA | Sep 9, 2020
  • A
    AndrewJ5267
    "PARIS — LVMH Inc. North America, the U.S. arm of Moët Hennessy Louis Vuitton, has named Jill Pemberton as its new chief financial officer, effective August 1.

    She takes up duties previously handled by Elisabeth Desvignes, senior vice president of finance at LVMH Inc., who will take on a special assignment at LVMH reporting to group cfo Jean-Jacques Guiony on Aug. 1."

    What do you think the "special assignment" is about? ... THE TIFFANY ACQUISITION, OF COURSE!!!
    The merger is a 'done deal'!
    A 10% guaranteed gain on the current share price - GUARANTEED!!!
    This is the safest investment out there!!