Washington, Dec 30, 2020 -Shareholders of US jeweller Tiffany on Wednesday overwhelmingly authorised a merger with France’s LVMH, ending months of drama with a marriage of two luxury icons.

About 99 p.c of shareholders voted in favour of the union through a specific meeting that was held virtually, a spokesperson told AFP.

The environmentally friendly mild was the previous move wanted to finalize the tie-up scheduled for early January.

The parent to luxury manufacturers these types of as Louis Vuitton, Dior and Moet & Chandon, LVMH announced its program to acquire Tiffany and its legendary robin’s egg blue present bins at the end of 2019.

But the French firm walked absent from its proposal in September after saying a sequence of very poor choices by Tiffany’s board.

The corporations buried the hatchet in Oct after Tiffany agreed to a reduced rate to protect against the deal from collapsing.

The rate was dropped by $3.fifty a share to $131.fifty, lowering the price of the deal to $fifteen.eight billion from the primary $sixteen.2 billion.

LVMH experienced already received authorisation from the authorities for the merger.

Tiffany will be taken off from the New York Inventory Exchange, but the French firm has not yet said how it plans to renovate the jeweller, which has endured in current yrs from levels of competition from manufacturers favoured by millennials.