November 24, 2019 / 2:55 PM / 17 days ago

France's LVMH nears deal to buy U.S. jewelry chain Tiffany for $16.7 bln- FT

Nov 24 (Reuters) - French luxury group LVMH is nearing a $16.7 billion deal to buy Tiffany & Co, the Financial Times 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. (Reporting by Philip George in Bengaluru)

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