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A woman walks past a Tiffany & Co. store at a shopping mall in Beijing, November, 2018.
Mark Schiefelbein | AP
Bulgari owner LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.2 billion.
Shares of Tiffany, the iconic New York-based jeweler, have risen over hopes of a higher priced deal. Shares closed on Friday at $125.51. They had traded at about $140 in the middle of last year.
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This article was originally published by Cnbc.com. Read the original article here.