Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources

 Exclusive: LVMH gets access to Tiffanys books after it raises offer - sources

NEW YORK (Reuters) - French luxury group LVMH has persuaded U.S. jewellery chain Tiffany & Co to provide it with confidential due diligence after it raised its bid from $120 per share to close to $130 per share, people familiar with the matter said on Wednesday.

Negotiations between the two companies are continuing and there is no certainty a deal will be reached, the sources said.

LVMH and Tiffany did not immediately respond to requests for comment.

(Reporting by Greg Roumeliotis in New York; Editing by Chris Reese)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Nov 21, 2019 04:05:30 IST



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