Shares of the company fell 5% to 75.96 in early trading in the stock market today, Friday.
Two board directors, Silas Chou and Lawrence Stroll, original majority shareholders of the Hong Kong-based company, will step down after the sale.
Friday, September 5, 2014
Michael Kors announces pricing of its secondary Public Offering
Michael Kors Holdings (NYSE:KORS) shares are trading down as the maker of purses and accessories prepares a secondary public offering of more than 11.6 million ordinary shares by Sportswear Holdings, one of its principal founding stockholders, at $76.75 per share.
Shares of the company fell 5% to 75.96 in early trading in the stock market today, Friday.
Two board directors, Silas Chou and Lawrence Stroll, original majority shareholders of the Hong Kong-based company, will step down after the sale.
Shares of the company fell 5% to 75.96 in early trading in the stock market today, Friday.
Two board directors, Silas Chou and Lawrence Stroll, original majority shareholders of the Hong Kong-based company, will step down after the sale.
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