Tiffany & Co. (TIF) Higher on Questionable Takeover Chatter
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Shares of Tiffany & Co. (NYSE: TIF) are moving higher in pre-open trading following reports from overseas that Cartier owner Richemont could seek to buy the luxury retailer for $130 per share.
The London Evening Standard said if Richemont is successful in buying Tiffany it would look to sell the watch arm.
Shares of Tiffany last traded at $74.99, up 3% from yesterday's close.
NOTE: Traders should take these rumors with a grain of salt as they appear questionable at best.
The London Evening Standard said if Richemont is successful in buying Tiffany it would look to sell the watch arm.
Shares of Tiffany last traded at $74.99, up 3% from yesterday's close.
NOTE: Traders should take these rumors with a grain of salt as they appear questionable at best.
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