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After LVMH Moet Hennessy - Louis Vuitton raised its initial USD 120.00 per share proposal to close to USD 130.00 apiece, Tiffany allowed the French luxury goods powerhouse access to its books.
Reuters said the iconic US jeweller intends to continue negotiating for a higher offer and if it does reach an agreement, will keep the Bulgari and Tiffany brands as separate entities.
A public takeover of Tiffany would rank as one of the sector’s largest transaction by value on record. Source: Zephus
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