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Tiffany to open books to LVMH after acquisition bid raised to $16B: Reuters report

Posted By Staff reports On In Featured,Industry sectors,Jewelry | No Comments
Will LVMH and Tiffany say "I do"? Image credit: Tiffany & Co. Will LVMH and Tiffany say "I do"? Image credit: Tiffany & Co.

 

By Staff reports

Tiffany & Co. will open its books to suitor LVMH after the French luxury conglomerate upped its bid for the U.S. jeweler to close to $16 billion, people familiar with the issue told Reuters.