Industry News

Tiffany, LVMH agree to end bitter legal battle in new merger

Tiffany & Co. and LVMH are heading back to the altar.

The ritzy retailers said they will end their bitter legal battle as they announced a revised merger deal announced Thursday — less than two months after LVMH moved to cancel the blockbuster wedding.

The companies said they’ve agreed to settle their dueling lawsuits in Delaware Chancery Court that were filed after the Louis Vuitton owner sought to scrap the tie-up last month. They also confirmed that LVMH will now pay $131.50 a share for the storied New York jeweler instead of the original $135 price, as reports indicated Wednesday.

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