NEW YORK: The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands.
Tiffany will be dropped from the Standard & Poor’s 500 Index now that the deal has been approved, S&P Dow Jones Indices said this week in New York, with the jeweller replaced by Enphase Energy Inc.
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