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Company News

LVMH, Tiffany agree on lower price in takeover deal

PARIS, Oct 29 (Reuters) - U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, ending a bitter legal dispute between the two, the companies said on Thursday.

The new takeover price was set at $131.5 a share from $135 in the original deal, the companies said in a statement. (Reporting by Silvia Aloisi, Editing by Sarah White)

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