NEW YORK, May 12, 2017 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Kate Spade & Company (NYSE: KATE), concerning the proposed acquisition of Kate Spade by Coach, Inc. (NYSE: COH). According to Carl Stine, a partner at Wolf Popper LLP, "Based on Kate Spade's stock price in the months prior to the announcement of the deal, the proposed transaction appears to be unfair to Kate Spade's public shareholders."
Under the terms of the proposed acquisition, Kate Spade's shareholders will receive $18.50 per share in cash for a total transaction value of $2.4 billion. However, the proposed offer price is below Kate Spade's 52-week high of $24.10 per share and below the median analyst price target of $22.00 per share.
Wolf Popper is investigating claims on behalf of investors in Kate Spade concerning the transaction. Kate Spade's shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2016 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP