LVMH buys Tiffany for $16.2B
French luxury group LVMH has agreed to acquire jeweler Tiffany & Co for $16.2 billion in cash. Tiffany shareholders will receive $135 in cash for every share they own. The acquisition aims to strengthen LVMH’s position in the jewelry and watches segments. The deal will also increase the luxury company’s presence in the United States. “We […]
Novartis to pay $9.7B for US-based The Medicines
Switzerland-based Novartis agreed to buy US biotechnology firm The Medicines Company for $9.7 billion. Shareholders of Medicines will receive $85 per share in cash, a 24% premium over the closing price on November 22. Additionally, the price also represents a premium of 41% over the company’s 30-day volume weighted average price of $60.33 per share. […]
