Monday, 5 December 2016
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