LVMH Confirms Talks on Possible Transaction with Tiffany & Co. (TIF)
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In light of recent market rumors, the LVMH Group confirms that it has held preliminary discussions regarding a possible transaction with Tiffany (NYSE: TIF).
LVMH said there can be no assurance that these discussions will result in any agreement.
One source familiar with the matter told Reuters the proposed bid valued Tiffany at about $120 per share.
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