The world's largest luxury conglomerate is reportedly close to finalizing a deal to acquire Tiffany for $16.3 billion

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• LVMH, the world's largest luxury conglomerate, is reportedly close to finalizing a deal to acquire IUS jewelry retailer, Tiffany & Co, for $16.3 billion. 
• Sources familiar with the matter told Reuters that a deal could be announced on Sunday or Monday.
• This would be LVMH's most expensive acquisition ever. 
• Visit Business Insider's homepage for more stories.

(Reuters) - LVMH is close to buying US jewelry chain Tiffany & Co for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market.

The two sides are close to an agreement after the French luxury goods company raised its offer price for the company known for its engagement rings and ties to Hollywood glamor to $135 per share, sources familiar with the matter said.See the rest of the story at Business Insider

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