Tiffany agrees to revised terms on LVMH takeover deal

The largest deal in luxury is back on after New York’s famed jeweler Tiffany agreed to a slightly lower offer from from LVMH in Paris. LVMH will now pay $131.50 per share for Tiffany’s stock, down from $135 per share, putting the price tag at $15.8 billion, down from $16.2 billion, the companies said Thursday. LVMH appeared to walk away from the acquisition last month after it said the French government had pushed for a delay to assess the threat of proposed U.S. tariffs.

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