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Fly News Breaks for March 21, 2017
KATE, KORS, COH
Mar 21, 2017 | 06:45 EDT
Piper Jaffray analyst Erinn Murphy sees accretion potential of 16% for Coach (COH) and 10% for Michael Kors (KORS) in potential takeovers of Kate Spade (KATE). Coach could see more backend synergies and "unique strategic optionality" as a potential suitor, but Kors is more need of growth, Murphy tells investors in a research note.
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