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British brand Burberry rejects multiple takeover offers from Coach

Monday, 5 December 2016

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LONDON: British luxury fashion brand Burberry has rejected multiple takeover offers from U.S. handbag maker Coach Inc.

The market value of the combined company would have been above $20 billion.

Proposals made by the U.S. company were informal and anticipated a cash and stock takeover of Burberry. However, it was unclear at what premium the offers were made or if Burberry ever engaged in serious talks with Coach.

Source by: Internet

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