LVMH backs down on renegotiating Tiffany deal - sources

NEW YORK (Reuters) - French luxury goods giant is not seeking to renegotiate its $16.2 billion (£12.83 billion) acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.LVMH CEO Bernard Arnault had been in talks with his advisers this week to identify ways to pressure Tiffany to lower the agreed price of $135 per share in cash, Reuters reported on Wednesday.He considered whether he could argue that the New York-based..