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LVMH, Tiffany agree on lower price in takeover deal: sources

[NEW YORK] French luxury goods giant LVMH will pay US$131.50 per share to buy Tiffany, US$3.50 less than what was agreed in last November, sources familiar with the matter told Reuters on Wednesday.

The two sides have been facing off in a Delaware court, with Tiffany seeking to force LVMH to buy the company for US$135 per share.

REUTERS

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