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The acquisition of Tiffany & Co. will greater than double LVMH’s income in the watches and jewelry class. US monetary publication Bloomberg stories that LVMH has submitted a revised supply of $US15.7 billion, though representatives for LVMH and Tiffany & Co. decline to remark. Media reports, 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 new supply will value the corporate at $US130 per share. Moët Hennessy-Louis Vuitton SE submits an unsolicited takeover supply to the Tiffany…
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