Source data
Tiffany merger agreement, amendment and completion
Sources checked
- 25 November 2019Initial agreement announced
$135 per share in cash, approximately $16.2 billion equity value Source 1
- 4 February 2020Initial stockholder vote
Tiffany stockholders approve original merger agreement Source 2
- 9 September 2020LVMH issues closing statement
Buyer says it cannot complete as matters stand Source 3
- 29 October 2020Amendment announced
$131.50 per share in cash, reduced closing conditionality Source 4
- 30 December 2020Amended agreement approved
Second Tiffany stockholder vote Source 5
- 7 January 2021Acquisition closes
$131.50 per share and $16.1 billion cash consideration in LVMH's accounts Source 5
The late-2020 shareholder meeting approved the amended terms after an earlier vote on the initial agreement.
Tiffany merger agreement, amendment and completion
The 2019 equity value was an estimate. The 2023 registration document reports accounting consideration at closing. Use the quoted per-share prices to compare the contractual offer terms directly.
| Source | |||
|---|---|---|---|
| 25 November 2019 | Initial agreement announced | $135 per share in cash, approximately $16.2 billion equity value | Source 1 |
| 4 February 2020 | Initial stockholder vote | Tiffany stockholders approve original merger agreement | Source 2 |
| 9 September 2020 | LVMH issues closing statement | Buyer says it cannot complete as matters stand | Source 3 |
| 29 October 2020 | Amendment announced | $131.50 per share in cash, reduced closing conditionality | Source 4 |
| 30 December 2020 | Amended agreement approved | Second Tiffany stockholder vote | Source 5 |
| 7 January 2021 | Acquisition closes | $131.50 per share and $16.1 billion cash consideration in LVMH's accounts | Source 5 |