LVMH files countersuit against Tiffany in feud over $16 billion deal
LVMH files countersuit against Tiffany in feud over $16 billion deal
LVMH said Tuesday it had filed a countersuit against Tiffany in a bid to walkaway from the $16.2 billion takeover that would have been the biggest ever in the luxury industry.
The suit, filed Monday in Delaware, says that LVMH “continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met.” It adds that the “spurious…
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