(Bloomberg Opinion) — Bernard Arnault knows you don’t get trophy assets at bargain prices. His luxury goods company LVMH Moet Hennessy Louis Vuitton SE will probably have to pay top dollar to win over shareholders in Tiffany & Co. after making a $14.5 billion proposal to buy the U.S. jeweler.If a deal happens, LVMH investors will need to put faith in Arnault’s record of running his businesses well, and the idea that it’s worth preventing Tiffany falling into rival hands.LVMH’s initial proposal, worth about $120 per Tiffany share according to Bloomberg News, should be easy for the American company to …read more
Source:: Yahoo Finance
