Quoting sources near the negotiation, US business publication CNBC reviews that the 2 parties are in “fluid” talks to revise the terms of the merger, lowering the overall value of the deal from $US135 per share to $130–133 per share. The acquisition of Tiffany & Co. will more than double LVMH’s income within the watches and jewelry category. US monetary publication Bloomberg reports that LVMH has submitted a revised offer of $US15.7 billion, though Jewelery News representatives for LVMH and Tiffany & Co. decline to comment. Media stories, quoting sources close to the negotiation, indicate that the Tiffany & Co. …
