Tiffany & Co. agreed to accept a lower price in its takeover by LVMH Moët Hennessy Louis Vuitton SE, ending a dispute between the luxury-goods companies that erupted after the coronavirus pandemic upended the industry.
The companies have come to an agreement on new deal terms calling for LVMH to pay $131.50 a share for the iconic U.S. jewelry maker, according to people familiar with the matter. That’s down from an original price of $135 a share, equating to savings of roughly $430 million for LVMH. It would allow the two sides...
The Link LonkOctober 29, 2020 at 09:58AM
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Tiffany Agrees to New Deal Terms With LVMH - The Wall Street Journal
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