Quoting sources near the negotiation, US business publication CNBC reviews that the 2 parties are in “fluid” talks to revise the terms of the merger, lowering the overall value of the deal from $US135 per share to $130–133 per share. The acquisition of Tiffany & Co. will more than double LVMH’s income within the watches and jewelry category. US monetary publication Bloomberg reports that LVMH has submitted a revised offer of $US15.7 billion, though Jewelery News representatives for LVMH and Tiffany & Co. decline to comment. Media stories, quoting sources close to the negotiation, indicate that the Tiffany & Co. board has rejected the $US14.5 billion offer as too low, yet is ‘receptive’ to a better bid. Analysts speculate a model new provide will worth the company at $US130 per share. Moët Hennessy-Louis Vuitton SE submits an unsolicited takeover provide to the Tiffany & Co. board, valuing the US company …

Read More