LVMH agrees $15.8bn takeover of Tiffany

  The Guardian 

Image source : theguardian.com
Discount of $425m ends acrimonious battle over luxury sector’s biggest-ever deal France’s LVMH will pay slightly less to buy the US jeweller Tiffany & Co after the two firms agreed to end a bitter dispute triggered by the Covid-19 pandemic and salvage the luxury sector’s biggest-ever deal. The new takeover price was set at $131.5 a share, down from $135 in the original deal, the companies said on Thursday, bringing the total price tag to about $15.8bn (£12.2bn). Continue reading...

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