LVMH Offers to Purchase Iconic NYC Jeweler Tiffany & Co.

French luxury goods company LVMH has officially offered to purchase iconic New York jeweler Tiffany & Co. According to CNN Business, Tiffany recently stated that it is reviewing a cash proposal from LVMH offering $120 USD per share, which is around 20 percent higher than the jewelry brand's closing stock price announced last week. This deal would place Tiffany's value at around $14.5 billion USD.This would be a sweet deal for both parties, as LVMH could use a boost in its US presence, as well as...