Tiffany Shareholders Approve LVMH Takeover

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After a long and contentious process, the proposed takeover of Tiffany (NYSE: TIF) by European luxury retailer LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) has been approved by Tiffany shareholders, reports Reuters. 

More than 99% of voting shareholders approved the $15.8 billion deal that will bring a modified price of $131.50 per share to holders of Tiffany stock. 

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