Tiffany has agreed to accept a lower price from LVMH in order to seal a merger that had been close to collapsing, a source involved in the talks told AFP on Wednesday. French luxury giant LVMH will pay $131 or $131.50 per-share for the jeweller instead of the $135 in the original takeover proposal, according to a preliminary agreement, the person said. lo-jum-jmb/cs