Louis Vuitton has entered into a definitive agreement to buy US jeweller Tiffany for $16.2 billion in the luxury goods maker’s biggest acquisition so far. The $135 per share cash deal will strengthen LVMH’s position in jewellery and further increase its presence in the United States. The addition of Tiffany will transform LVMH’s watches and jewellery division and complement LVMH’s 75 distinguished houses.

(Business Standard)