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Kate Spade & Company (KATE) is committed to maximizing value and is exploring strategic alternatives that are in the best interests of the Company and its shareholders.
Update(s)
February 24, 2017: According to Reuters, Michael Kors Holding (KORS) and Coach Inc (COH) are among the companies that have made it through to the second round of bidding for handbag and accessories maker Kate Spade & Co (KATE).
April 04, 2017: U.S. handbag and accessories maker Kate Spade & Co (KATE) will spend a few more weeks negotiating a potential sale of the company after receiving an offer last week from Coach Inc (COH), three people said on Monday on condition of anonymity.
May 08, 2017: Coach, Inc. (COH), a leading New York design house of modern luxury accessories and lifestyle brands, today announced it has signed a definitive agreement to acquire Kate Spade & Company (KATE)
May 29, 2017: Coach, Inc. (COH), a leading New York design house of modern luxury accessories and lifestyle brands, today announced that its wholly owned direct subsidiary, Chelsea Merger Sub Inc., has commenced a tender offer for all of the outstanding shares of common stock, par value $1.00 per share, of Kate Spade & Company (KATE), a Delaware corporation, at a price of $18.50 per share, net to the seller in cash, without interest thereon and less any applicable withholding taxes, upon the terms and conditions set forth in the tender offer to purchase dated today, a copy of which has been filed with the Securities and Exchange Commission.