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LVMH bids $120 a share for Tiffany

Oct. 27, 2019 5:18 PM ETTIF, LVMUYBy: Douglas W. House, SA News Editor18 Comments
  • Aimed at boosting its presence in jewelry, currently a high-growth opportunity, LVMH has made an unsolicited offer of $120 per share for Tiffany. The bid values the luxury jeweler at $14.5B, ~22% above its market cap at the close on Friday ($98.55).
  • According to informed sources, LVMH will need to sweeten its offer if it wants to get the deal done. The stock reached almost $140/share last summer.
  • Tiffany, which generates ~$4B in annual sales, has been struggling to re-ignite sales growth. CEO Alessandro Bogliolo is banking on China and tourist spending in the U.S. to stoke the top line.

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Comments (18)

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Nice gains for shareholders and LVMH will maximize the brand.. I hope they raise the offer a bit more to 130-140$ to add a little bit more of spice
Allen Greathouse profile picture
Nah retain value for us LVMH share holders
spiritofemerson profile picture
If it happens, just take the capital and buy LVMH. Would stink to have to pay cap gains though.
I hope that they don’t accept anything less than 140. One less great compounding company.
arkdetriumph profile picture
"start Monday off on a raging bullish note" yet again.
it would be hilarious if this bid fails actually.
I'm rich!!! wahoooo 🤷🏽‍♂️
Teutonic Knight profile picture
Tiffany is in Trouble, that is why

Poison Pill is now imminent and needed
georgefelix75 profile picture
The margins would have to be 100% to make sense and it’s still 3.5 yr return of capital
Kingkang80 profile picture
I hope Tiffany does not say yes to the offer. Tiffany is an American tradition and historic.
EriCoin profile picture
Money has no tradition. If I were a stockholder, the offer is too good to refuse.
Sanjay John profile picture
Making money with capitalism is an even bigger American tradition.
@Kingkang I have no interest in Tiffany (the company) but agree that managers of cherished brands should take pride in their corporate history.
However over the years seeing Dow Jones (news) sell out domestically, Budweiser selling out internationally, and then Monsanto (thankfully in that case), I have little hope for Tiffany on statistics alone. Again, I can only hope management has a sense of pride and respect.
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