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.
Tiffany (NYSE:TIF)
Historical Stock Chart
From Sep 2020 to Oct 2020 Click Here for more Tiffany Charts.
Tiffany (NYSE:TIF)
Historical Stock Chart
From Oct 2019 to Oct 2020 Click Here for more Tiffany Charts.