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Published
Jul 11, 2017
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Coach completes tender offer to acquire Kate Spade

Published
Jul 11, 2017

Coach on Monday announced that its wholly owned subsidiary has successfully completed its tender offer to acquire Kate Spade & Company.
 

Kate Spade


The New York City-based company in May agreed to acquire Kate Spade for $2.4 billion, or $18.50 per share. The company in June extended its tender offer to July 10, 2017 at 5:00pm EST from its previously scheduled expiration of June 23, 2017 at 11:59pm EST.
 
The tender offer that expired on Monday is for all outstanding shares of common stock, par value $1.00 per share of Kate Spade & Co. at a price of $18.50 per share.

The parties expect to complete the acquisition of all remaining outstanding shares of Kate Spade & Company on Tuesday, July 11, 2017. Following the merger, Kate Spade will be a wholly owned subsidiary of Coach and its shares will be delisted from the New York Stock Exchange.

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