Tiffany wants LVMH to raise takeover bid

Luxury jewelry company Tiffany & Co has asked French conglomerate LVMH to increase its takeover bid, according to sources. The French firm already tabled a $120-per-share all-cash offer, valuing Tiffany at $14.5 billion. However, sources say that the jeweler believes that the offer undervalues the chain. The board of Tiffany deemed the bid too low […]