During an extraordinary meeting performed digitally on 30 December 2020, more than ninety nine per cent of Tiffany & Co. shareholders approve LVMH’s new provide of $US131.50 and the terms of the revised merger settlement. Quoting sources near the negotiation, US business publication CNBC stories that the two events are in “fluid” talks to revise the terms of the merger, reducing the overall value of the deal from $US135 per share to $130–133 per share. In a statement launched on its web site, LVMH management expresses “shock” at Tiffany & Co.’s authorized filing within the US, calling it “totally unfounded” and “communicated in a deceptive approach to shareholders and… defamatory”.
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