NEW YORK, May 8, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Kate Spade & Company ("Kate Spade" or the "Company") (NYSE: KATE) concerning the proposed acquisition of the Company by Coach Inc. ("Coach").
Under the terms of the offer, Coach would acquire Kate Spade for approximately $2.4 billion. Pursuant to the terms of the transaction, common shareholders of Kate Spade would receive $18.50 in cash per share. At least one Wall Street analyst has set a target price for Kate Spade stock of $26 per share.
Our investigation concerns whether the Kate Spade board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Kate Spade shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP