Monday, June 25, 2007

Tiffany shares rise on takeover speculation

(Reuters) - Renewed chatter is that "LVMH is interested in acquiring Tiffany," said Paul Foster, options strategist at theflyonthewall.com, a Web site that tracks daily equity option and stock movement.




French luxury goods group LVMH Moet Hennessy Louis Vuitton , already in the watch and jewelry business with brands such as Fendi, TAG Heuer and Chaumet, has been mentioned as a possible buyer for Tiffany in earlier media reports.


Read more at Reuters.com Business News

No comments: