Home / Knowledge / News / Apparel/Garments / Kenneth Cole CEO completes acquisition of company
Kenneth Cole CEO completes acquisition of company
26
Sep '12
Kenneth Cole Productions Inc. announced the completion of its acquisition pursuant to the previously announced merger agreement under which Kenneth D. Cole, Chairman and Chief Creative Officer of the Company and beneficial holder of approximately 46% of the Company's outstanding common stock (representing approximately 89% of the voting power), has acquired the Company through KCP Holdco, Inc., an entity he controls that was formed for the purpose of the acquisition. Under the terms of the merger agreement, the Company's shareholders, excluding Mr. Cole and his affiliated entities, will receive $15.25 per share in cash.

The transaction was approved by the Company's stockholders at a special meeting of shareholders held on September 24, 2012. The merger was approved by holders of approximately 98% of the shares of the Company's outstanding common stock, and by holders of approximately 80% of the shares not owned by Mr. Cole or his affiliated entities.  

In addition, the company's stockholders also approved, by a non-binding, advisory vote, compensation payable to the Company's named executive officers in connection with the merger.

The Company's common stock will be delisted from the New York Stock Exchange.

BofA Merrill Lynch acted as financial advisor to the special committee of the Company's Board of Directors, and Sidley Austin LLP acted as legal advisor to the special committee.

Peter J. Solomon Company acted as financial advisor to Mr. Cole, and Willkie Farr & Gallagher LLP acted as legal advisor to Mr. Cole.

Kenneth Cole Productions, Inc. designs, sources, and markets a broad range of footwear, handbags, apparel and accessories under the brand names Kenneth Cole New York; Kenneth Cole Reaction; and Unlisted, as well as footwear under the proprietary trademark Gentle Souls.

Kenneth Cole Productions Inc

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search