Bernard Arnault - Tiffany and LVMH agreed to the original takeover plan

Time: Oct, 2020

Place: Paris, France

Details: In late October 2020, Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50.

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