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

Published Wed, Oct 28, 2020 · 04:33 PM

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

KEYWORDS IN THIS ARTICLE

Consumer & Healthcare

Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong

WSJ moves Asia headquarters from Hong Kong to Singapore

South Korea to slap fines on food suppliers for ‘shrinkflation’

Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share

Live Nation’s revenue beats estimates as boom in concerts drive ticket sales

Jim Beam owner bets on canned vodka cocktails to double revenue

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