Compromise at Tiffany’s as LVMH gets a discounted deal
France’s LVMH will pay $425m less to acquire the storied US jeweller as their acrimonious dispute over the takeover finally ends
29 October 2020 - 11:54
Paris — France’s LVMH will pay slightly less to acquire US jeweller Tiffany & Co after the two companies agreed to end a bitter dispute triggered by the Covid-19 pandemic and salvage the luxury sector’s biggest-ever deal.
The new takeover price was set at $131.50 a share, down from $135 in the original deal, the companies said in a statement on Thursday, bringing the total price tag to about $15.8bn...
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