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Fashion News: LVMH to pay lower price to Buyout Tiffany & Co.

by Mike StrangeFashion News

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.

Mike Strange

Personal Stylist and Fashion Expert with Degrees in Medicine, Biology and Psychology.

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