What happened It's both official -- and a bit of an anticlimax. Nearly a month after Tiffany (NYSE: TIF) confirmed that it had received a buyout offer from LVMH (OTC: LVMHF) -- sending Tiffany's stock price soaring 30% in a day -- the company has finally accepted a newer, higher bid from its suitor. Tiffany stock is up in response -- maybe not 30%, but still up by a respectable 5.9% as of 10 a.m. EST on Monday. Tiffany stock looks about 6% more sparkling this morning. Image source: Getty Images. So what In a press release, LVMH says it will pay 5 cash per outstanding share of Tiffany. That gives the ultra-luxe consumer goods stock an equity value of .2 billion. (Including Tiffany's outstanding debt, the value of the deal probably comes in closer to .7 billion.) LVMH said that "the acquisition of Tiffany will strengthen LVMH's position in jewelry and further increase its presence in the United States [and] transform LVMH's Watches & Jewelry division." Now what Both companies' boards have approved the acquisition. Assuming regulators likewise approve, and absent any competing offers for Tiffany (and none seems to be anticipated -- Tiffany's share price is actually a bit below LVMH's offer price right now), this deal should close sometime in the middle of 2020. Holding on to your Tiffany shares to collect the .10 or so difference between their current price and LVMH's offer price will probably only result in another 1.5% gain (3% annualized, assuming the deal closes within six months). So I'd say there's no real downside to selling your Tiffany stock now -- unless you want to postpone any tax bite into next year. 10 stocks we like better than Tiffany & Co.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Tiffany & Co. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source