Kate Spade is Exploring Ways to Sell Itself — and the Stock is Soaring (KATE) - Stock Market Data Today -BoardProspects

Kate Spade is Exploring Ways to Sell Itself — and the Stock is Soaring (KATE)

Stock Market Data Today Feb 16 2017 BoardNews

Kate Spade is up 11.18% at $21.87 a share as the company said it is "reviewing strategic alternatives," in a press release issued on Thursday. The handbag and accessories maker is under pressure from New York-based hedge fund Caerus Investors, which sent its board a letter in November pushing for a sale of the company...
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1. We have become increasingly frustrated by management's inability to achieve profit margins comparable to industry peers.
Topics Mentioned
- Investors
- Hedge Fund
Authors
- Tina Wadhwa