Shares of Tiffany & Co (NYSE: TIF) dropped more than 10% after LVMH Moët Hennessy – Louis Vuitton SE (MIL: LVMH) said it is no longer interested in the $16.2 billion offer to buy Tiffany on the market. Fundamental analysis: LVMH pulls out of the deal LVMH, the owner of brands such as Louis Vuitton, Céline, Givenchy and Marc Jacobs, has pulled out of the deal to buy the U.S. jewelry chain Tiffany & Co, the company said. “The Board of Directors of LVMH Moët Hennessy Louis Vuitton, met on Tuesday, June 2, 2020 and notably focused its attention on
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