BREAKING NEWS
This content is not available in your region

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

Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources
FILE PHOTO: The logo of U.S. jeweller Tiffany & Co. is seen at a store in Nice, France, October 27, 2019. REUTERS/Eric Gaillard   -   Copyright  Eric Gaillard(Reuters)
Text size Aa Aa

NEWYORK (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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.