Warren Buffett Reportedly Passed Up Chance to Acquire Tiffany & Co.

Warren Buffett has confirmed to the Financial Times that his firm Berkshire Hathaway passed up an opportunity to acquire Tiffany & Co. before LVMH's bid won out late last year. After LVMH submitted its initial bid, the jewelry company sought out Buffett as a potential alternative buyer based on his longtime affinity to the brand - in 2009, he bought $250 million USD worth of its bonds during the financial crisis.Berkshire Hathaway hasn't purchased a company in full since Precision Castparts in 2...