Company News, Financial News

LVMH To Acquire Tiffany

The $135 a share on-again-off-again deal is back on.

A dead deal is suddenly a done deal. LVMH will acquire Tiffany & Co. at a new purchase price of $131.50 a share, that's down from the original $135 a share offer. At the same time, the luxury goods makers have agreed to settle their pending litigation amicably. “We are very pleased to have reached an agreement with LVMH at an attractive price and to now be able to proceed with the merger,” said Tiffany Chairman Roger N. Farah. “The board concluded it was in the best inte...

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