May 9, 2024
The new offer represents a reduction of $US425 million from the original $US16.2 billion buy value. However, it still represents LVMH’s most expensive acquisition in its history. In addition, the company stated the claims of taking over debt were “misleading” and that it “has never missed or decreased a dividend fee” since 1987, together with after the September eleven terrorist assaults and during the Global Financial Crisis. Joseph Slights III, Vice-Chancellor of the Court of Chancery of the State of Delaware, who’s presiding over the Tiffany & Co. lawsuit in opposition to LVMH, sets a four-day trial beginning 5 January…