France's LVMH nears deal to buy U.S. jewelry chain Tiffany for $16.7 billion: FT
A Tiffany & Co. logo is seen outside a store in Paris, France, November 22, 2019. REUTERS/Gonzalo Fuentes
French luxury group LVMH (LVMH.PA) is nearing a $16.7 billion deal to buy Tiffany & Co (TIF.N), the Financial Times (FT) reported on Sunday, citing people close to the deal.
The boards of both the companies are set to meet on Sunday to approve LVMH's $135 per share bid for the U.S. jewelry chain, the newspaper reported on.ft.com/2rjrWWY.
Both the companies were not immediately available for comment on the report.
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