Coach, Inc. (COH) has announced it is acquiring buying Kate Spade (KATE) for $2.4 Billion. Coach will pay $18.50 a share for Kate Spade & Company for a all cash transaction.
Coach was founded in 1941 and has 430 locations in the U.S. and 530 International locations.
Kate Spade has two primary brands, Kate Spade and Jack Spade and Adelington Design Group. It’s brands include Women’s, mens and childrens clothing and home decor.
For more information : Press Release