Tiffany Wants Higher Offer From LVMH, Sources Say --Reuters
November 06 2019 - 2:30PM
Dow Jones News
--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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