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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  LVMH Mot Hennessy - Louis Vuitton SE    MC   FR0000121014

LVMH MOT HENNESSY - LOUIS VUITTON SE

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LVMH Mot Hennessy Louis Vuitton : to Buy Tiffany for $131.50 per Share in Cash

10/29/2020 | 03:21am EST

By Sarah Sloat

LVMH Moet Hennessy Louis Vuitton SE and Tiffany & Co. have agreed to new terms on their initial merger agreement, which will allow the French luxury company to pay $131.50 a share for the U.S. jewelry maker, ending a dispute between the companies.

The new price is down from an original price tag of $135 a share.

The companies said other key terms of their merger agreement remain unchanged. Tiffany and LVMH have also agreed to settle their pending litigation in the Delaware Chancery Court.

"We are as convinced as ever of the formidable potential of the Tiffany brand and believe that LVMH is the right home for Tiffany and its employees during this exciting next chapter," said LVMH Chief Executive Bernard Arnault.

The merger is expected to close in early 2021, the companies said.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

10-29-20 0420ET

Stocks mentioned in the article
ChangeLast1st jan.
LVMH MOËT HENNESSY - LOUIS VUITTON SE 2.23% 491.75 Real-time Quote.16.59%
TIFFANY & CO. -0.18% 131.48 Delayed Quote.-1.44%
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Financials
Sales 2020 45 236 M 54 082 M 54 082 M
Net income 2020 4 221 M 5 046 M 5 046 M
Net Debt 2020 14 480 M 17 311 M 17 311 M
P/E ratio 2020 59,7x
Yield 2020 0,91%
Capitalization 243 B 291 B 291 B
EV / Sales 2020 5,69x
EV / Sales 2021 4,75x
Nbr of Employees 163 309
Free-Float 51,8%
Chart LVMH MOT HENNESSY - LOUIS VUITTON SE
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Technical analysis trends LVMH MOT HENNESSY - LOUIS VUITTON SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 462,34 €
Last Close Price 482,90 €
Spread / Highest target 11,8%
Spread / Average Target -4,26%
Spread / Lowest Target -41,8%
EPS Revisions
Managers
NameTitle
Bernard Arnault Chairman & Chief Executive Officer
Antonio Federico Belloni Group Managing Director & Director
Jean-Jacques Guiony Chief Financial Officer
Delphine Arnault-Gancia Director
Antoine Arnault Director
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