Deals
LVMH and Tiffany Discuss Trimming Price of $16 Billion Deal
- Companies discussing a small reduction to the contested deal
- U.S. judge has urged both sides to reach an agreement
Tiffany Co. and LVMH are in discussions to reduce the price of the French luxury giant’s contested deal to buy the U.S. jeweler, according to people familiar with the matter.
Tiffany is seeking around $132 a share as a compromise price, the people said. It would also likely want a guarantee that LVMH wouldn’t back out of any revised deal, after the Louis Vuitton owner said in September it couldn’t complete the acquisition because of a French government request. The behind-the-scenes negotiations may not lead to an agreement, one person said.