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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Tiffany and Co | NYSE:TIF | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 131.46 | 0 | 01:00:00 |
From May 2019 to May 2024
By Colin Kellaher
Tiffany & Co. (TIF) on Monday confirmed that it has received an unsolicited $120-a-share takeover proposal from LVMH Moet Hennessy Louis Vuitton, and said its board is reviewing the non-binding bid.
The New York jeweler said it isn't currently in talks with LVMH on its proposal, which values Tiffany at about $14.5 billion.
Shares of Tiffany, which closed Friday at $98.55, surged 32.4% in premarket trading to $130.93, well above the takeover price proposed by the French luxury-goods giant.
Tiffany said its board will work with its independent financial and legal advisers "to determine the course of action it believes is in the best interests" of the company and its shareholders.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 28, 2019 08:37 ET (12:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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