LVMH stock price gains on a countersuit against Tiffany

Shares of LVMH (EPA: LVMH) closed over 1% on the day after the fashion giant filed a countersuit against Tiffany in an attempt to quit the $16.2 billion buyout deal. Fundamental analysis: Countersuit launched LVMH filed a countersuit after walking away from the deal that would have been the largest-ever in the luxury sector. In the lawsuit filed on September 28 in Delaware, it is stated that LVMH “continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met.”  It also says that the “spurious arguments put forward by