You gotta have more than “Faith” to pocket the new George Michael coin.

FILE - In this April 24, 2020 file photo, customers lineup outside a Michaels store in Houston. (AP Photo/David J. Phillip, File)NEW YORK – Arts and crafts retailer Michaels is going private. Under the terms of the agreement, approved by Michaels' board, Apollo will begin a tender offer to buy shares for $22 each in cash. Company executives said that by going private, Michaels will have the financial flexibility to invest and improve its retail and online business. The deal includes a 25-day go-shop period which lets Michaels to solicit and evaluate other offers and to terminate the deal for a better proposal.