The boards of LVMH (LVMHF) and Tiffany & Co. (TIF) convened for a meeting Sunday to finalize an acquisition deal that would value the iconic jeweler at more than $16 billion, according to reports from multiple outlets. The companies hope to announce the deal on Monday, the Financial Times first reported Sunday.
LVMH is the world’s largest luxury group and has for years had a strong foothold in high-end fashion. This merger would solidify its move into other product areas, and expand its reach in the jewelry business and with American consumers. And the luxury conglomerate’s deep pockets could help Tiffany turn…



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