Shareholders Foundation, Inc.

Kate Spade & Co (NYSE:KATE) Investor Alert: Investigation of Takeover by Coach, Inc

An investigation on behalf of investors of Kate Spade & Co (NYSE:KATE) in connection with the proposed takeover was announced and NYSE:KATE stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/15/2017 -- An investigation on behalf of investors, who currently hold shares of Kate Spade & Co (NYSE:KATE), was announced concerning whether the takeover of Kate Spade & Co. by Coach, Inc for $18.50 per share.

Investors who purchased shares of Kate Spade & Co (NYSE:KATE) and currently hold any of those NYSE:KATE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Kate Spade & Co breached their fiduciary duties owed to NYSE:KATE investors in connection with the proposed acquisition.

On May 8, 2017, Coach, Inc. (NYSE:COH) announced it has signed an agreement to acquire Kate Spade & Co (NYSE:KATE). Under the terms of the transaction Kate Spade & Co (NYSE:KATE) shareholders will receive $18.50 per share in cash for a total transaction value of $2.4 billion.

However, given that at least one analyst has set the high target price for NYSE:KATE shares at $26.00 per share, the investigation concerns whether the offer is unfair to NYSE:KATE stockholders. More specifically, the investigation concerns whether the Kate Spade Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On May 12, 2017, NYSE:KATE shares closed at $18.41 per share.

Those who are current investors in Kate Spade & Co shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com