In the largest luxury deal ever, LVMH has scooped up Tiffany & Co. for $16.2 billion USD ($135 USD per share). The deal which has been expected for weeks will make LVMH CEO Bernard Arnault the richest man in Europe and possibly the world. “A takeover of Tiffany could make a lot of sense,” analysts at Bernstein wrote in a research note last month.
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