The acquisition of Tiffany & Co. will greater than double LVMH’s revenue in the watches and jewelry category. US monetary publication Bloomberg stories that LVMH has submitted a revised supply of $US15.7 billion, although representatives for LVMH and Tiffany & Co. decline to comment. Media reviews, quoting sources near the negotiation, point out that the Tiffany & Co. board has rejected the $US14.5 billion supply as too low, yet is ‘receptive’ to a higher bid. Analysts speculate a model new offer will worth the corporate at $US130 per share. Moët Hennessy-Louis Vuitton SE submits an unsolicited takeover offer to the Tiffany & Co. board, valuing the US firm at $US120 per share.
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