By Steve Goldstein
LVMH Moet Hennessy is in talks with luxury retailer Tiffany & Co. to settle their dispute over completing a takeover, according to published reports.
LVMH originally agreed to buy Tiffany for $135 per share.
Tiffany shares rose 3% to $126.80. LVMH /zigman2/quotes/201350549/delayed FR:MC +0.11% shares declined 0.8% in Paris.