On Monday, French luxury goods group LVMH disclosed it has arrived at an all-cash deal worth $16.2 billion to acquire U.S. jewelry chain Tiffany & Co. LVMH will be paying $135 per share for every share of Tiffany & Co.

LVMH, the owner of Louis Vuitton also said, it expects to close the acquisition by the middle of 2020.

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