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…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -