NEW YORK, June 01, 2017 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed on behalf of investors of Kate Spade & Company (NYSE: KATE) (âKate Spadeâ) regarding the acquisition of Kate Spade by Coach, Inc. (NYSE: COH).
Under the proposed acquisition, which was announced on May 8, 2017, Kate Spade shareholders will receive $ 18.50 per share in cash for a total transaction value of $ 2.4 billion. However, the offered offer price is well below Kate Spade’s 52-week high of $ 24.10 per share and below analysts’ median price target of $ 22.00 per share.
Investors who currently own shares of Kate Spade and held prior to May 8e announcement, are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774.
Wolf Haldenstein has extensive experience prosecuting securities class actions and derivative litigation in federal and state trial and appellate courts across the country. The firm has lawyers in various areas of practice; and offices in New York, Chicago and San Diego. The firm’s reputation and expertise in shareholder litigation and other class actions has been repeatedly recognized by the courts, which have appointed it to senior positions in complex multidistrict and consolidated securities litigation.
If you would like to discuss this action or have any questions regarding your rights and interests in this matter, please immediately contact Wolf Haldenstein by phone at (800) 575-0735, by email at [email protected], or visit our website at www.whafh.com.
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