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Oct. 27, 2020, 11:18 a.m. EDT

LVMH in talks with Tiffany to lower takeover price: reports

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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 /zigman2/quotes/209249105/composite TIF -0.10% shares rose 3% to $126.80. LVMH /zigman2/quotes/201350549/delayed FR:MC -1.15% shares declined 0.8% in Paris.

/zigman2/quotes/209249105/composite
US : U.S.: NYSE
$ 131.26
-0.13 -0.10%
Volume: 2.40M
Dec. 4, 2020 7:00p
P/E Ratio
55.45
Dividend Yield
1.77%
Market Cap
$15.94 billion
Rev. per Employee
$313,759
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/zigman2/quotes/201350549/delayed
FR : France: Euronext Paris
492.25
-5.75 -1.15%
Volume: 542,580
Dec. 4, 2020 5:38p
P/E Ratio
56.04
Dividend Yield
0.93%
Market Cap
€247.78 billion
Rev. per Employee
N/A
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