BREAKING NEWS

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 -
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Eric Gaillard(Reuters)
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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)

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