Tiffany shareholders back LVMH takeover in end to long-drawn dispute

© Reuters. FILE PHOTO: Tiffany & Co. logo outside a store in Paris

(Reuters) – U.S. jeweler Tiffany & Co (NYSE:)’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH (PA:), ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year.

As agreed in October, LVMH will pay $131.5 per share, down from $135 in the original deal signed late last year.

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