LVMH Snaps Up Tiffany in Luxury Sector’s Biggest Deal Ever

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French luxury giant LVMH Moet Hennessy Louis Vuitton said Monday it has reached a deal to buy US-based jewelry legend Tiffany & Co for $16.2 billion. LVMH said in a statement that the deal values the 180-year old Tiffany and its 300 boutiques worldwide at $135 a share. The…

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