By Reuters
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NEW YORK (Reuters) - French luxury group LVMH <LVMH.PA> has persuaded U.S. jewellery chain Tiffany & Co <TIF.N> to provide it with confidential due diligence after it raised its bid from $120 per share to close to $130 per share, people familiar with the matter said on Wednesday.
Negotiations between the two companies are continuing and there is no certainty a deal will be reached, the sources said.
LVMH and Tiffany did not immediately respond to requests for comment.
(Reporting by Greg Roumeliotis in New York; Editing by Chris Reese)
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