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Brilliant advance

21 November 2019 By Lisa Jucca

The luxury giant upped its bid for the U.S. jeweller to $130 a share, or $16 bln with debt. That’s more than 30% above Tiffany’s price before Bernard Arnault popped the question. The valuation is a stretch for the faster-growing French group. Tiffany may not get a better offer.

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