<p> France's LVMH on Monday confirmed it had approached US jeweller Tiffany & Co over a possible acquisition, in what would be the Louis Vuitton owner's biggest purchase to date.</p>.<p>"In light of recent market rumours, LVMH Group confirms it has held preliminary discussions regarding a possible transaction with Tiffany," the company said in a statement. "There can be no assurance that these discussions will result in any agreement."</p>.<p>LVMH, the world's biggest luxury goods conglomerate, did not give any financial details.</p>.<p>According to one source familiar with the situation, it submitted a preliminary, non-binding offer to Tiffany earlier this month. Another source said the bid valued Tiffany at about $120 per share, equivalent to a $14.5 billion acquisition offer.</p>.<p>LVMH shares were up 1% in early trading.</p>
<p> France's LVMH on Monday confirmed it had approached US jeweller Tiffany & Co over a possible acquisition, in what would be the Louis Vuitton owner's biggest purchase to date.</p>.<p>"In light of recent market rumours, LVMH Group confirms it has held preliminary discussions regarding a possible transaction with Tiffany," the company said in a statement. "There can be no assurance that these discussions will result in any agreement."</p>.<p>LVMH, the world's biggest luxury goods conglomerate, did not give any financial details.</p>.<p>According to one source familiar with the situation, it submitted a preliminary, non-binding offer to Tiffany earlier this month. Another source said the bid valued Tiffany at about $120 per share, equivalent to a $14.5 billion acquisition offer.</p>.<p>LVMH shares were up 1% in early trading.</p>