France's LVMH nears deal to buy U.S. jewelry chain Tiffany for $16.7 billion: FT

World+Biz

Reuters
24 November, 2019, 09:10 pm
Last modified: 24 November, 2019, 09:15 pm
A Tiffany & Co. logo is seen outside a store in Paris, France, November 22, 2019. REUTERS/Gonzalo Fuentes

 French luxury group LVMH (LVMH.PA) is nearing a $16.7 billion deal to buy Tiffany & Co (TIF.N), the Financial Times (FT) reported on Sunday, citing people close to the deal.

The boards of both the companies are set to meet on Sunday to approve LVMH's $135 per share bid for the U.S. jewelry chain, the newspaper reported on.ft.com/2rjrWWY.

Both the companies were not immediately available for comment on the report.

Related Topics

Global Economy

Tiffany&Co / LVMH / LVMH Moët Hennessy

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.