NEW YORK, Nov 20 (Reuters) - French luxurious group LVMH LVMH.PA has persuaded U.S. jewellery chain
NEW YORK, Nov 20 (Reuters) – French luxurious group LVMH LVMH.PA has persuaded U.S. jewellery chain Tiffany & Co TIF.N to supply it with confidential due diligence after it raised its bid from $120 per share to shut to $130 per share, folks conversant in the matter stated on Wednesday.
Negotiations between the 2 firms are persevering with and there’s no certainty a deal will probably be reached, the sources stated.
LVMH and Tiffany didn’t instantly reply to requests for remark.
(Reporting by Greg Roumeliotis in New York Modifying by Chris Reese)
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