TIFFANY AND LVMH IN NEW TALKS

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. 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. SOURCE: Reuters

AEGON EYES EASTERN SALE

Dutch insurer Aegon has put its Eastern European business up for sale as it seeks to raise cash to better cope with the fallout of the coronavirus crisis and revamp earnings in its core markets, two sources familiar with the matter said. Aegon is working with JPMorgan on the process and has held preliminary discussions with industry players to sell the unit, which is primarily focused on Hungary but is also active in Poland, Romania and Turkey, the sources said, speaking on condition of anonymity. The business could be valued at about 650 million euros… READ MORE: https://uk.reuters.com/article/us-aegon-eastern-europe-m-a/dutch-insurer-aegon-puts-eastern-european-arm-up-for-sale-in-coronavirus-led-clean-up-sources-idUKKBN27B2EK

COCO-COLA IN EUROPE OFFERS MAJOR STAKE DOWN UNDER

Coca-Cola’s Australian and European distributors are set to merge into a single entity after Coca-Cola European Partners lodged an offer for Coca-Cola Amatil (CCA) valuing the business at A$9.28 billion. The bid – which is non-binding – would see the European company buy the 69.2-per-cent stake of CCA which is not owned by The Coca-Cola Company (TCCC), the original US business. This would be done via a scheme of arrangement which has already been endorsed by the independent directors of CCA. READ MORE: https://insidefmcg.com.au/2020/10/26/coca-cola-amatil-receives-9-28bn-offer-to-merge-with-european-distributor/