個案資料
了解個案內容與學習目標，選擇授課教師及使用課程。
LVMH Moët Hennessy – Louis Vuitton SE’s Bid for Tiffany & Co.
內容大綱
In late 2019, LVMH Moët Hennessy – Louis Vuitton SE (LVMH) , a luxury goods empire, made an aggressive bid to acquire Tiffany & Co. (Tiffany), in an attempt to expand LVMH’s product portfolio and customer base. This move was consistent with the specialty of LVMH's chief executive officer—making hostile acquisition offers. The chief executive officer of Tiffany needed to consider whether the acquisition was in the best interest of Tiffany's existing shareholders and whether the terms of the current offer maximized the value of Tiffany.
學習目標
This case is intended for use in undergraduate- and graduate-level finance courses. After working through the case and assignment questions, students will be able to<ul><li>make acquisition decisions, after evaluating qualitative factors, including the strategic, organizational, and economic issues involved;</li><li>develop an appreciation for the challenges involved in valuing companies, including evaluating potential synergies; and</li><li>perform a ratio analysis using a firm's income statement and balance sheet, introducing the concept of exchange-traded funds and indices.</li></ul>