The merger process between Tiffany (TIF) and its the French rival LVMH (LVMH) might be more complicated than earlier expected. According to Reuters, Tiffany thinks the French luxury group LVMH (LVMH) has significantly undervalued the Tiffany market value. Earlier the LVMG Group presented a takeover bid of 120 dollars per Tiffany share.

According to the news, the offer “significantly undervalues” Tiffany, Reuters writes citing unidentified people familiar with the matter.

Tiffany´s market value has increased to 15,06 billion dollars and the shares are trading at 124,69 dollars in NYSE, New York. The next Q3 earnings report is coming on December the 12th.

 

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