LVMH in talks with Tiffany to lower takeover price: reports

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.

CNBC reported the new talks, and a separate report in the Financial Times said Tiffany recently signalled that it was willing to consider a new price as long as it was above $130 a share.

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.

/zigman2/quotes/201350549/delayed

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LVMH Moet Hennessy Louis Vuitton SE

FR : France: Euronext Paris

€ 544.40

+0.60 +0.11%

Volume: 63,373

March 4, 2021 11:20a

P/E Ratio

58.38

Dividend Yield

1.10%

Market Cap

€271.75 billion

Rev. per Employee

N/A