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LMVH and Tiffany seek to repair relationship

LVMH is back in bed with Tiffany, after agreeing to buy the luxury jeweller at a slightly lower price.

The negotiations are based on a price of $131 to $134 for each Tiffany share, against the $135-a-share price when the deal was reached last November.

LMVH could save $480m on the $16bn takeover.

The Times (£)
The FT (£)

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