LVMH and Tiffany may trim the price of the takeover deal
The original price was about $16bn for LVMH to take control of Tiffany, but there are rumours of a settlement in the contentious deal
27 October 2020 - 17:52
Paris/New York — Tiffany is in discussions with LVMH to reduce the price of the French luxury giant’s contested deal to buy the US jeweller, according to a person familiar with the matter.
The companies are discussing a price of $130 to $135 per Tiffany share, according to the person, who asked not to be named because the talks are private. Behind-the-scenes talks may not lead to an agreement, the person said. The original price for the deal was $135 per share, or about $16bn in total, for LVMH to take control of Tiffany, which would give it better access to the worldwide luxury jewellery market...
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