France's LVMH wants to buy jeweler Tiffany for $14.5 bln
French luxury group LVMH has offered to buy Tiffany & Co. for USD 14.5 billion in cash, sending shares in the New York jewelers soaring.
The purchase would add another household name to LVMH's plethora of upscale brands.
It owns fashion names such as Christian Dior, Fendi, and Givenchy as well as watchmaker Tag Heuer.
It would also give LVMH a much broader foothold in the United States and broaden its offerings in jewelry.
LVMH cautioned in a brief statement that "there can be no assurance that these discussions will result in any agreement."
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