Market Rumors: LVMH to Bid for Tiffany

Tiffany & Co. Inc. shares rose up to 6.8 percent on Monday on speculation that the company could be approached with an offer for a takeover of the business.

Reuters and other news services are reporting on speculation that that LVMH, Moet Hennessy Louis Vuitton, may be interested in acquiring the luxury jeweler.

Neither company has commented on the market rumors, but that didn’t stop Tiffany shares from reportedly changing hands 11 times on Monday.