NEW YORK, June 01, 2017 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action has been filed on behalf of investors in Kate Spade & Company (NYSE:KATE) (“Kate Spade”) concerning the acquisition of Kate Spade by Coach, Inc. (NYSE:COH).
Under the terms of the proposed acquisition, which was announced on May 8, 2017, 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 well below Kate Spade's 52-week high of $24.10 per share and below the median analyst price target of $22.00 per share.
Investors who currently hold shares of Kate Spade and held prior to the May 8th announcement, are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
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