Tiffany & Co. To Leave The MyWallSt Shortlist
Last week, LVMH Moët Hennessy Louis Vuitton completed its planned acquisition of Tiffany & Co. As such, we will be removing Tiffany from our shortlist over the coming days.
We first added Tiffany back in March 2016 and, since then, it has returned 89.15%. While we are never happy to see our long-term investments bought out from underneath us in this way, it is somewhat of a relief to see the deal close at these prices considering that LVMH had tried to renegotiate for a much lower price (around $120 per share) over the summer.
Tiffany shareholders should expect to receive $131.50 into their brokerage account for every full share of the company they owned. If you have any further questions about this deal, please feel free to get in touch with us through customer support.