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US jewelry chain Tiffany exercised the option to extend the completion of its $16.2 billion tie-up with French luxury goods giant LVMH apply on Nov. 24.
The deal wasn't closed on the Aug. 24 date set out in the documents.
Last year, Louis Vuitton owner LVMH agreed to buy Tiffany, hoping to restore the US jeweler's luster via new collections and spruced-up stores.
Tiffany and LVMH set Aug. 24 as the first deadline, but with a proviso that either party could push it as far as Nov. 24.
The LVMH and Tiffany deal has yet to receive regulatory approvals, particularly from the European Union.
LVMH earlier deliberated about renegotiating the deal, partly due to the impact of the COVID-19 epidemic on Tiffany.
But LVMH decided against a re-negotiation.
