LVMUY LVMH Moet Hennessy Louis Vuitton SA (PK)

169.29

1.38 (0.82%)

26 Apr 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
LVMH Moet Hennessy Louis Vuitton SA (PK)	USOTC:LVMUY	OTCMarkets	Depository Receipt

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	1.38	0.82%	169.29	166.98	172.14	170.58	168.28	168.86	127,292	21:05:46

Tiffany Shares Rise on Report of Increased Bid From LVMH

21/11/2019 12:46pm

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By Colin Kellaher

Shares of Tiffany & Co. (TIF) rose nearly 4% in premarket trading Thursday amid a report that French luxury house LVMH Moet Hennessy Louis Vuitton SE (MC.FR) has raised its bid for the iconic jeweler.

LVMH has persuaded Tiffany to provide it with confidential due diligence after it raised its bid to around $16 billion, or $130 a share, Reuters reported, citing people familiar with the matter.

Tiffany last month said it had received an unsolicited $120-a-share takeover proposal from LVMH, but its shares surged above the offer price, prompting speculation that LVMH would have to raise its bid.

Shares of Tiffany, which closed Wednesday at $123.33, rose 3.7% to $127.85 in premarket trading Thursday.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 21, 2019 07:31 ET (12:31 GMT)