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

Rhian Hunt, The Motley Fool
·2-min read
Tiffany and LVMH Get EU Green Light, Merger May Happen After All
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.