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4-Traders Homepage  >  Equities  >  Nyse  >  Kate Spade & Co    KATE

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Kate Spade : Coach to buy Kate Spade at US$2.4bn

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05/10/2017 | 03:19am CET

[ET Net News Agency, 9 May 2017] Coach (06388) said it has signed a definitive

agreement to acquire Kate Spade & Company.

Under the terms of the transaction Kate Spade shareholders will receive US$18.5 per

share in cash for a total transaction value of US$2.4 billion. The transaction represents

a 27.5% percent premium to the unaffected closing price of Kate Spade's shares as of 27

December 2016, the last trading day prior to media speculation of a transaction. The

transaction has been unanimously approved by the Boards of Directors of Kate Spade &

Company and Coach, Inc.

The combination of Coach, Inc. and Kate Spade & Company will create a leading luxury

lifestyle company with a more diverse multi-brand portfolio supported by significant

expertise in handbag design, merchandising, supply chain and retail operations as well as

solid financial acumen.

Kate Spade & Company (operates principally under two global, multichannel lifestyle

brands: kate spade new york and Jack Spade New York. (HL)

(c) 2017 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Duration : Period :
Kate Spade & Co Technical Analysis Chart | KATE | US4858651098 | 4-Traders
Technical analysis trends KATE SPADE & CO
Short TermMid-TermLong Term
George M. Carrara President & Chief Operating Officer
Thomas Linko CFO, Principal Accounting Officer & SVP
Linda S. Yanussi Chief Information Officer & SVP-Global Operations
Todd Kahn Director & Chief Administrative Officer
Kevin G. Wills Director
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