Lvmh raises its offer for Tiffany but the famous American jeweler is not satisfied and asks for more. The relaunch of Bernard Arnault, one of the richest men in the world and owner of brands such as Louis Vuitton and Christian Dior, has strengthened the offer to buy control of Tiffany: 130 dollars a share, which means a billion more of the initial offering and an overall valuation of Tiffany of nearly $16 billion.
But Lvmh's raise doesn't close the game. Tiffany would have agreed to open her books of her accounts so that the negotiation for the sale gets underway but she has let it leak that she still expects something more. The goal of American jewelers is to bring home 140 dollars a share and this is why Tiffany soars on Wall Street (+3,5% after the rumors about the relaunch) while on the Paris stock exchange Lvmh suffers and loses almost 1 %.
