LVMH reaches agreement with Tiffany & Co.

Moët Hennessy Louis Vuitton SE or LVMH in short the leading luxury group. And tiffany & Co the global luxury jeweler announced today that the companies have entered into a definitive agreement. Whereby LVMH will pay 135 dollars per share in cash with a equity value of 16.7 billion what is about 123703703 shares.

The acquisition of Tiffany will strengthen it’s position in juwelry and increase its presence in the United States.

With the agreement with Tiffany & Co, LVNH is a 75 distinguished houses.

more about tiffany her

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