Sullivan & Cromwell LLP Logo
  • Home
  • Lawyers
  • Practices
  • Insights
  • About
  • Careers
  • Alumni
  • Twitter icon
  • LinkedIn icon
  •  icon
  • Podcasts icon
© 2025 Sullivan & Cromwell LLP
    • Home
    • Lawyers
    • Practices
    • Insights
    • About
    • Careers
    • Alumni
    Home /  About /  News And Events /  Client Highlights
    Client Highlights

    S&C Advises Tiffany in Modified Merger with LVMH

    • Our Lawyers
    • Related Practices
    October 29, 2020
    Tiffany & Co. has revised its merger agreement with LVMH Moët Hennessy Louis Vuitton SE, modifying certain terms of their initial agreement to reflect a purchase price of approximately $16 billion and reduce closing conditionality. Other key terms of the merger agreement remain unchanged. Under the deal, announced October 29, Tiffany will pay its regular quarterly dividend of $0.58 per share in its fourth quarter. The two luxury retailers have also agreed to settle their litigation in the Delaware Chancery Court.
     
    Roger N. Farah, Chairman of the Board of Directors of Tiffany, commented: “We are very pleased to have reached an agreement with LVMH at an attractive price and to now be able to proceed with the merger. The Board concluded it was in the best interests of all of our stakeholders to achieve certainty of closing.”
     
    The S&C corporate team advising Tiffany is led by Frank Aquila and Melissa Sawyer and includes Olivier de Vilmorin (Paris) and associates Benjamin Goodchild and Donna Kim. Rick Pepperman and Brian Frawley led the litigation team handling the Delaware proceedings.
     
    Earlier this year, Melissa Sawyer earned a coveted spot as an American Lawyer Dealmaker of the Year for her work guiding Tiffany in the transaction.
    Read More
    Stay Updated

    Subscribe to stay current on S&C Insights.

    Our Lawyers

    Our Lawyers

    Francis J. Aquila Headshot Photo
    Francis J. Aquila
    New York
    +1-212-558-4048
    Email
    vCard
    Brian T. Frawley Headshot Photo
    Brian T. Frawley
    New York
    +1-212-558-4000
    Email
    vCard
    Richard C. Pepperman II Headshot Photo
    Richard C. Pepperman II
    New York
    +1-212-558-3493
    Email
    vCard
    Melissa Sawyer Headshot Photo
    Melissa Sawyer
    New York
    +1-212-558-4243
    Email
    vCard
    Olivier de Vilmorin Headshot Photo
    Olivier de Vilmorin
    Paris
    +33-1-73-04-10-00
    Email
    vCard
    Read More

    Related Practices

    • Consumer & Retail
    • Corporate Governance Litigation
    • Europe
    • Mergers & Acquisitions
    Sullivan & Cromwell LLP Logo
    • Twitter icon
    • LinkedIn icon
    • RSS Feed icon
    • Podcasts icon
    • Home
    • Contact Us
    • Information Policy Relating to Cookies
    • Privacy Policy
    • California Privacy Policy
    • Website Notice
    • Attorney Advertising Notice
    © 2025 Sullivan & Cromwell LLP