Tiffany rises on report it called for sweetened bid from LVMH

TIFFANY & CO. has reportedly asked LVMH to improve its $14.5 billion acquisition offer. / BLOOMBERG NEWS FILE PHOTO/KONRAD FIEDLER
TIFFANY & CO. has reportedly asked LVMH to improve its $14.5 billion acquisition offer. / BLOOMBERG NEWS FILE PHOTO/KONRAD FIEDLER
NEW YORK – Tiffany & Co. gained on a report that said the luxury jeweler asked LVMH to improve its $14.5 billion offer. Tiffany says the offer “significantly undervalues” the company, according to Reuters, which cited unidentified people familiar with the matter. Tiffany could open its books and provide confidential due diligence with a better…

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