Tuesday, June 7, 2011

Tiffany Rallies On Takeover Speculation

Shares of Tiffany & Co. (NYSE: TIF) rallied more than 3% in Tuesday's pre-market trading after the Telegraph reported that the jewelry retailer could be acquired by Richemont or PPR. The Telegraph reported further that the jeweller could attract a price north of $120 a share. Stay tuned for more.

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