LVMH said Monday it has reached an agreement with Tiffany & Co. to buy the iconic jeweler for $16.2 billion. The Paris-based multinational luxury goods conglomerate said it was buying Tiffany & Co. at $135 per share in order to increase its presence in the U.S. market and to beef up its jewelry and watches division. "We are delighted to have the opportunity to welcome Tiffany, a company with an ...
