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Wednesday, January 7, 2015

Takeover Digest- New York Times business news - Jan 7, (NYSE: COH)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Coach Inc, the New York-based luxury fashion house, said on Tuesday that it would purchase Stuart Weitzman, the maker of midrange luxury shoes, for up to $574 million in cash. Coach also said it would retain Weitzman, the company's 72-year-old executive chairman and creative director, to lead the team whose styles have been in high demand on red carpets and in stores. (* On Tuesday, Intel Corp said the company's work force would better reflect the available talent pool of women and underrepresented minority groups in the United States within five years. If successful, the plan would increase the population of women, blacks, Hispanics and other groups at Intel by at least 14 percent during that period, the company said. (

Coach, Inc. (Coach) is a marketer of accessories and gifts for women and men. Shares of COH fell by 1.17% or $-0.43/share to $36.30. In the past year, the shares have traded as low as $32.72 and as high as $56.30. On average, 4598060 shares of COH exchange hands on a given day and today's volume is recorded at 6238933.