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Tiffany & Co. stock soars 33% after confirmation of unsolicited acquisition bid from LVMH

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Tiffany said the 'parties are not in discussions' but, as is 'its fiduciary responsibility,' it is reviewing the proposal. Investors seem to be liking the idea anyway...

Tiffany & Co. TIF, +29.83% stock soared 33.2% in Monday premarket trading after the luxury jeweler confirmed that it received an unsolicited acquisition proposal from

has also confirmed the bid. The proposal is a 30% premium to where Tiffany stock was trading when the bid was made. The

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