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Tiffany sues LVMH for pulling out of $16.2 billion deal

Louis Vuitton owner LVMH is scrapping its $16.2 billion acquisition of Tiffany, a deal that would have been the biggest ever in the luxury industry. The Wall Street Journal reported that the U.S. jewelry seller has filed a lawsuit in Delaware to enforce the agreement. CNBC's David Faber reports the latest on the developing story.
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Wed, Sep 9 20209:59 AM EDT