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Tiffany Reportedly Wants LVMH to Raise Its Acquisition Offer

Tiffany’s sees the original $14.5B offer as too low.

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Tiffany & Co. wants French luxury conglomerate LVMH Moët Hennessy – Louis Vuitton to increase its acquisition offer, Reuters reports.

LVMH recently made an offer of $120 per share, or about $14.5 billion, in a bid to grow its U.S. presence.

Citing unnamed sources, Reuters reports that Tiffany is willing to “open its books and provide confidential due diligence” if the offer goes higher.

Sources have said the Tiffany’s board is looking for a price of $140 per share, according to Reuters.

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LVMH is said to be considering making a new offer. The company is known for brands including Louis Vuitton, Chaumet and TAG Heuer.

New York-based Tiffany run about 300 retail stores worldwide.

Read more at Reuters

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