Lvmh, the French Company Behind Louis Vuitton and Dior, Is Finally Buying Tiffany & Co. After All – at a Us$425 Million Discount
Direct Answer • Key Takeaway
Bloomberg Reported That Tiffany Sought Around Us$132 per Share as a Compromise Price, Citing People Familiar with the Matter. the Jeweller Also Likely Wanted a Guarantee That Lvmh Wouldn’t Back out of Any Revised Deal, After the Louis Vuitton Owner Said in September It Could Not Complete the Acquisition Because of a French Government Request.
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lvmh french company behind louis vuitton and dior