LVMH has increased its offer for Tiffany & Co to $16.7bn.
The luxury goods goliath, which owns Louis Vuitton and Bulgari, has raised its offer from an initial $120 per share to £135 in an all-cash bid, representing a 35% premium on Tiffany’s share price in October.
The deal would value Tiffany at $16.3bn and pay its $350m debts. Tiffany has more than 300 stores around the world.
