LVMH and Tiffany agree on lower price for $16 billion takeover

PARIS (Reuters) – U.S. jeweler Tiffany & Co TIF.Nhas agreed with LVMH LVMH.PA to slightly lower the price for its acquisition by the French luxury goods group, ending a bitter legal dispute between the two, the companies said on Thursday.

The new takeover price was set at $131.5 a share from $135 in the original deal, the companies said in a statement, bringing the total price tag to about $15.8 billion.

They added that other key terms of the deal agreed last November remain unchanged.

“Tiffany and LVMH have also agreed to settle their pending litigation in the Delaware Chancery Court,” the statement

http://LVMH and Tiffany agree on lower price for $16 billion takeover

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