Tiffany asks LVMH to raise $14.5 bn acquisition bid: Reports

US-based jeweller Tiffany & Co has reportedly asked French luxury giant LVMH to reconsider and raise its $14.5-billion acquisition offer, arguing the current bid undervalued it. Tiffany reportedly told LVMH that it could open its books and provide confidential due diligence if the bid amount is raised by about 16%. Reports claimed LVMH is considering a new offer.