LVMH, Tiffany and a case of buyer’s remorse
Behind the Money
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LVMH vs Tiffany: Material Adverse Effect Clause Dispute
This chapter delves into the legal battle between LVMH and Tiffany over their merger agreement, specifically focusing on the material adverse effect clause. LVMH argues that Tiffany's mismanagement during the pandemic justifies walking away from the deal, while Tiffany contends that LVMH should honor the agreement.
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