(Reuters) – Tiffany & Co (N:) has obtained regulatory approvals from the European Fee for its $16 billion acquisition by French luxurious items group LVMH (PA:), the U.S. jeweler stated on Monday.
The EU choice comes amid a authorized battle between LVMH and Tiffany, with the latter suing the Louis Vuitton proprietor in a Delaware court docket, alleging that the French firm has intentionally 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 anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the data together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties doable.