LVMH scoops up Tiffany for $16.2 billion

Hong Kong (CNN Business)LVMH (LVMHF) and Tiffany & Co. (TIF) are finally getting together after weeks of anticipation. LVMH is the world’s biggest luxury group and home to 75 different brands, including Christian Dior and Bulgari. Analysts have been bullish on its latest deal, saying that Tiffany is a good acquisition target because of its strong global brand. “A takeover of Tiffany could make a lot of sense,” analysts at Bernstein wrote in a research note last month. While Tiffany is one of the world’s best-known luxury brands, analysts say it still has room to grow, particularly in jewelry and watches. And LVMH’s deep pockets could help Tiffany turn around after a rocky few years, and fuel its effort to …