By Greg Roumeliotis NEW YORK (Reuters) - French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday. LVMH CEO Bernard Arnault has been in talks with his advisers this week to identify ways to pressure Tiffany to lower the agreed price of $135 per share in cash, Reuters reported on Wednesday. He considered whether he could argue that the New York-based company is in breach of its obligations under the merger agreement, sources said at the time. LVMH also said on Thursday that its board had discussed the impact of the COVID-19 pandemic on its deal with Tiffany. LVMH has decided it will not raise the issue of repricing the deal with Tiffany for now, after it considered the legal hurdles involved, the sources said. Arnault, who is also LVMH's controlling shareholder, continues to harbor concerns that the company is overpaying for Tiffany, some of the sources said.