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Why Tiffany Stock Just Popped 6%

TheMotleyFool

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It's both official -- and a bit of an anticlimax.

Nearly a month after Tiffany (NYSE: TIF) confirmed that it had received a buyout offer from LVMH (OTC: LVMHF) -- sending Tiffany's stock price soaring 30% in a day -- the company has finally accepted a newer, higher bid from its suitor.

Tiffany stock is up in response -- maybe not 30%, but still up by a respectable 5.9% as of 10 a.m. EST on Monday.

Source Fool.com

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