Fashion News: LVMH to pay lower price to Buyout Tiffany & Co.
LVMH’s on again, off again buyout deal is on once again on to acquire Tiffany & Co. After lawsuit’s and counter lawsuits the two companies have agreed to move forward on the deal at a slightly lower price.
The original price: $16. Billion or $135.00 a share was lowered to $15.8 Billion, or $131.50 a share. LVMH’s Bernard Arnault is set to receive an almost $430 Million discount on the new terms of the deal. The deal is set to close in the first quarter of 2021.
