LVMH aims to restore Tiffany's sparkle with $16.2 billion takeover

[Arcadian]

I just saw this on Yahoo this morning. Anyone else hear about this yet??

LVMH aims to restore Tiffany's sparkle with $16.2 billion takeover

Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet, as the French luxury goods maker bets it can restore the U.S. jeweller's lustre by investing in stores and new collections. The $135-per share cash deal will boost LVMH's smallest business, the...

www.yahoo.com