Tiffany and LVMH in talks to reduce deal value

Tiffany, LVMH are in talks to reduce the value of their deal and settle dispute, sources say

Jeweler Tiffany & Co. and Louis Vuitton-owner LVMH are discussing new terms for their merger, which could help resolve an ongoing dispute between the two companies, CNBC’s David Faber reported Tuesday, citing people familiar with the discussions.

Under the revised terms, LVMH would acquire Tiffany for $130 to $133 per share, compared with an original price of $135 per share, Faber reported, noting the talks remain fluid. He added the retailers are looking to get a deal done as soon as possible. Earlier, there had been a discussion of a tender offer, but that is unlikely at this point, those familiar with the talks said.

Representatives from Tiffany and LVMH did not immediately respond to CNBC’s requests for comments.