--Tiffany & Co. (TIF) said it wanted suitor LVMH Moet Hennessy Louis Vuitton SE to raise the size of its acquisition offer, Reuters reports Wednesday, citing "people familiar with the matter."

--Tiffany's board decided LMVH's $14.5 billion all-cash offer wasn't large enough to serve as a basis for talks, the report said.

--Tiffany's said based on a higher offer it would allow LVMH the opportunity to examine its books and would provide confidential due diligence, the report said.

--Neither company immediately responded to a request for comment, the report said.

Full story: https://www.reuters.com/article/us-tiffany-m-a-lvmh/tiffany-asks-lvmh-to-raise-its-14-5-billion-offer-sources-idUSKBN1XG2O3?il=0

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

November 06, 2019 14:15 ET (19:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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