You are here

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.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to