Tiffany gets EU antitrust approval for LVMH deal
(Reuters) - Tiffany & Co (N:) has received regulatory approvals from the European Commission for its $16 billion acquisition by French luxury goods group LVMH (PA:), 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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
