Acquisition Tuesday!
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 25 September 2018
⏱️ 24 minutes
🧾️ Download transcript
Summary
Michael Kors buys Versace. Inspire Brands buys Sonic. Motley Fool Asset Management’s Bill Barker analyzes the latest acquisitions in the apparel retail and restaurant industries. Plus we dip into the Fool Mailbag to recommend a few resources for new investors, and discuss the late-breaking rebrand of Dunkin’ Donuts. (Tangents include company mottos, mergers vs. acquisitions, and tomorrow’s front page news in New England.)
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Transcript
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| 0:00.0 | Thanks to Harries for supporting this episode of Market Foolery. |
| 0:02.5 | Harries stands behind the quality of their blades, |
| 0:05.2 | but they know that switching raisers is not an easy decision. |
| 0:08.8 | So they created a trial offer, |
| 0:11.2 | and you can claim yours by going to Harries.com slash Fool. |
| 0:17.0 | It's Tuesday September 25th. |
| 0:19.0 | Welcome to Market Foolery. |
| 0:20.4 | I'm Chris Hill joining me in studio from Motley Fool Asset Management, Bill Barker. |
| 0:24.0 | Happy Tuesday. Thank you. It's Merger Tuesday. |
| 0:28.0 | Acquisition Tuesday. |
| 0:29.0 | I guess it is Acquisition Tuesday, although as we talked about earlier today, there are plenty of merger Mondays |
| 0:35.1 | where it's like, look, this isn't a merger, this is really an acquisition. |
| 0:38.2 | And it's not even Monday. |
| 0:39.7 | Right, right. |
| 0:40.7 | So hence, Acquisition Tuesday. We're going to dip into the full mail bag. |
| 0:44.8 | Let's get to the first acquisition though, and that is Michael Kores, |
| 0:47.9 | taking a page out of the tapestry playbook buying yet another luxury brand this time |
| 0:55.8 | Versace for 2.2 billion dollars. You look at shares and Michael Coors, they're up ever so slightly, so Versace was a private business, |
| 1:06.7 | so it looks like, based on the evidence that we have so far, Michael Coors at least is not being viewed as having |
| 1:13.8 | overpaid for this luxury brand? Well but they they were hit yesterday the |
| 1:21.2 | stock was down about 10% yesterday when the rumors of this leaked |
| 1:25.6 | out into the market and it wasn't confirmed until the end. So I think that looking |
... |
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