When news broke this week that LVMH was backing out of its deal to acquire Tiffany & Co. TIF -0.5%, it came as no surprise.
Speculation has swirled for months that LVMH had buyer’s remorse after agreeing last November to pay $16.2 billion or $135 per share for Tiffany. It would have been the largest acquisition that LVMH ever made, a luxury conglomerate built through acquisitions.
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