Tiffany and LVMH Get EU Green Light, Merger May Happen After All

Jewelry and luxury goods companies Tiffany & Co. (NYSE: TIF) and LVMH Moet Hennessy (OTC: LVMHF), or LVMH, may go forward with their long-delayed merger after all, according to news from several sources this morning. The European Commission of the EU finally completed its review of the regulatory and anti-competitive standing of the deal and approved it to move forward today, according to Reuters. The European Commission's go-ahead was the final governmental approval required before LVMH's acquisition of Tiffany, originally set at $16.2 billion, could move forward.