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LVMH Revives Biggest Luxury Deal by Settling Tiffany Dispute

  • U.S. jewelry maker accepts offer of almost $16 billion
  • The companies agree to set aside their U.S. lawsuits
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LVMH Revives Luxury’s Biggest Deal by Settling Tiffany Dispute
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LVMH agreed to buy Tiffany & Co. at a slightly reduced price of almost $16 billion, preserving the luxury industry’s biggest takeover and avoiding a courtroom battle over an earlier deal that soured.

The compromise ends a yearlong saga characterized by accusations of bad faith, French government intervention and lawsuits. Both sides were due to meet in a Delaware court in January, after the Louis Vuitton owner walked away from their original agreement and Tiffany sued to keep it on track.