U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, in a move that could end a legal dispute between the two, two sources familiar with the matter said on Wednesday. The new terms would mean a discount of $425 million for LVMH, led by billionaire businessman Bernard Arnault, or less than 3% of the initial deal price. One of the sources said the new deal would require approval from Tiffany shareholders, which Tiffany expects should be straightforward. …read more
Source:: Yahoo Finance
