LVMH Has Countersued Tiffany Over the Firms' $16 Billion Merger, Accusing the Jeweler of Financial Mismanagement
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- LVMH countersued Tiffany on Monday, and said it remains confident that it can walk away from its $16 billion takeover of the US jeweler.
- Tiffany breached the agreement by paying out the highest possible dividends during the pandemic, French luxury goods conglomerate LVMH claimed in the countersuit.
- A letter to LVMH from the French government also made it “impossible” to close the deal before the deadline, it added...