--LVMH Moet Hennessy Louis Vuitton is in talks with Tiffany & Co. over new terms for a potential combination, reports the Financial Times, citing unnamed sources.

--The French luxury-goods company is open to new terms after U.S. jeweler Tiffany indicated recently it was willing to consider a bid lower than the original $135 a share, as long as it remained above $130 a share, the FT reports, adding that negotiations are continuing.

--LVMH had previously threatened to walk away from the deal, and the two sides currently have active lawsuits against each other in the U.S.

 

Full story: https://on.ft.com/31O0xfd

 

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(END) Dow Jones Newswires

October 27, 2020 11:56 ET (15:56 GMT)

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