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NEW YORK (Reuters) - U.S. jeweler Tiffany & Co and French luxury goods giant LVMH are in talks to settle their dispute over a $16 billion takeover at a price slightly lower than that initially agreed, sources familiar with the matter said on Tuesday. Slideshow ( 2 images ). The negotiations were based on a price in the range of $131-$134 for each Tiffany share, against the $135 price when the deal was first agreed last November. An agreement at the bottom of that range would save LVMH, led by billionaire businessman Bernard Arnault, about $480 million on the initial $16.2 billion purchase price. The initial deal ran into trouble last month when the French group said it could no longer complete the transaction by the Nov. 24 deadline. Full story

27 October