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Wednesday, November 20, 2019

Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources

NEW YORK (Reuters) - French luxury group LVMH (PA:LVMH) has persuaded U.S. jewelry chain Tiffany & Co (N:TIF) to provide it with confidential due diligence after it raised its bid from $120 per share to close to $130 per share, people familiar with the matter said on Wednesday.

Negotiations between the two companies are continuing and there is no certainty a deal will be reached, the sources said.

LVMH and Tiffany did not immediately respond to requests for comment.

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