LVMH to buy Tiffany for 131.50 dollars per share in cash

LVMH Moët Hennessy Louis Vuitton SE (LVMH) and Tiffany & Co. have concluded an agreement modifying certain terms of their initial merger agreement reflecting a purchase price of 131.50 dollars per share in cash and to reduce closing conditionality. LVMH said in a statement that both the companies have also agreed to settle their pending litigation in the Delaware Chancery Court.