--French luxury goods conglomerate LVMH Moet Hennessy Louis Vuitton SE has decided not to try to negotiate a lower-than-agreed price for its acquisition of Tiffany & Co., Reuters reports, citing unnamed sources.

--LVMH CEO Bernard Arnault had been looking for a way to pressure the U.S. jeweler to lower the all-cash, $135-per-share price the companies agreed to in November, before the coronavirus hit the luxury industry, Reuters reports.

--After considering the legal hurdles involved, the owner of Louis Vuitton has decided not to raise the issue of repricing the deal for now, Reuters reports.

Full story: https://reut.rs/309o5Ly

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(END) Dow Jones Newswires

June 05, 2020 11:09 ET (15:09 GMT)