Bulgari owner LVMH is nearing a deal to acquire Tiffany for $135 per share, the sources said, adding that a deal could be announced either on Sunday or Monday. Reuters reported this week that LVMH had persuaded Tiffany to provide it with confidential due diligence after it raised its bid to close to $16 billion. Tiffany earlier this month rebuffed LVMH’s initial $120-per-share all-cash offer, arguing it significantly undervalued the company. …read more
Source:: Yahoo Finance
