Tiffany & Co. (TIF) has been acquired by LVMH. As part of this transaction, Tiffany & Co. ceased trading on the New York Stock Exchange beginning 1/7/2021 and can no longer be bought or sold. LVMH is not traded on any US stock exchange. As a result, shareholders of Tiffany & Co. will receive $131.50 cash for every TIF share previously held. Fractional shareholders will receive cash proportional to their holdings of TIF.
This will be reflected in your Cash App balance upon the company's completion of its distribution to shareholders.
If you have questions regarding corporate actions that affect shares you’re holding, we recommend contacting the appropriate company’s Investor Relations team, or locating the Investor Relations page on their website for clarification.
Investing involves risk; you may lose money. Brokerage services provided by Cash App Investing LLC, member FINRA/SIPC and a subsidiary of Square, Inc. Past performance of a security or financial product does not guarantee future results or returns. You should consider the risks before investing. For more on the risks of investing see our Disclosure Library.
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