Tiffany, LVMH Near Agreement on New Deal Terms

Tiffany & Co. is nearing an agreement to accept a lower price in its takeover by LVMH Moët Hennessy Louis Vuitton SE that would end a bitter dispute between the luxury-goods companies.

The companies have come to a preliminary agreement on new deal terms that would call for LVMH to pay $131.50 for the iconic U.S. jewelry maker, according to people familiar with the matter. That is down from a prior agreement of $135 a share.


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