Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Tiffany Shares Dropped 10% Today

TheMotleyFool

0 0

Why Tiffany Shares Dropped 10% TodayPhoto, wide shot, wide-angle lens, Online marketplace, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/27d484d8-d1b1-4519-9797-b5dcaa68d4e2.png

Shares of Tiffany (NYSE: TIF) were down 10% as of 11 a.m. EDT on Wednesday after the jeweler announced it has filed a lawsuit against European luxury retailer LVMH Moet Hennessy -- Louis Vuitton (OTC: LVMUY).

The dispute involves a previously announced merger agreement; LVMH said it would not be able to meet a Nov. 24 deadline to close the $16 billion acquisition of Tiffany.

Image source: Getty Images.

Source Fool.com

Like: 0

TIF

Share