LVMH reaches agreement to buy Tiffany for US$135 per share

PARIS: French luxury goods group LVMH said on Nov 25 it has reached a definitive agreement to buy US jewellery chain Tiffany & Co for US$135 per share in an all-cash offer, in a US$16.2 bil deal.

The Louis Vuitton owner also said in a statement it expects to close the transaction in the middle of next year. – Reuters

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