LVMH Opposes Tiffany's Request to Expedite Lawsuit Before Merger Agreement Deadline
September 17 2020 - 11:52AM
Dow Jones News
By Giulia Petroni
LVMH Moet Hennessy Louis Vuitton SE said Thursday that it has
asked a U.S. court to reject Tiffany & Co.'s request to
expedite proceedings regarding the company's troubled $16.2 billion
takeover deal.
"There are no objective reasons why the upcoming trial should
not take place within a normal timeframe," the French luxury-goods
giant said.
Earlier this month, Tiffany filed a lawsuit in Delaware, where
key LVMH U.S. subsidiaries are based, to enforce the merger
agreement. Tiffany requested the court fast-track a decision ahead
of the Nov. 24 expiration of the parties' agreement.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 17, 2020 11:37 ET (15:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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