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

20 Nov by Vitaliy Dadalyan

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

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Exclusive: LVMH gets access to Tiffany's books after it raises offer - sourcesFrench luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday. The development represents a key milestone in LVMH’s bid for the iconic U.S. maker of engagement rings. Tiffany earlier this month rebuffed LVMH’s initial $120-per-share all-cash offer, arguing it significantly undervalues it.