(Bloomberg) — LVMH, the luxury goods giant controlled by French billionaire Bernard Arnault that in November agreed to acquire Tiffany & Co. for $135 a share, is considering buying those shares for less on the open market amid a coronavirus-driven slump, according to people familiar with the matter.LVMH has discussed the idea with Tiffany’s board, which could grant permission for the potential transaction to go ahead after earnings, said the people, who asked not to be identified as the discussions are private. The French group hasn’t made a final decision on whether to go ahead with selective market purchases and …read more
Source:: Yahoo Finance
