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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Tiffany & Co. (“Tiffany” or the “Company”) (NYSE: TIF) to LVMH Moët Hennessy Louis Vuitton SE (“LVMH”). Under the terms of the transaction, LVMH will acquire Tiffany for $135 per share in cash.
The Tiffany merger investigation concerns whether the Board of Tiffany breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether LVMH is underpaying for Tiffany shares, thus unlawfully harming Tiffany shareholders.
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