Form SD Michael Kors Holdings
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Michael Kors (KORS) Completes $500M Acquisition of Michael Kors (HK) Ltd.
June 1, 2016 6:59 AM EDTMichael Kors (NYSE: KORS) announced that the Company has completed the acquisition of Michael Kors (HK) Limited, the exclusive licensee of the Company in China and certain other jurisdictions in Asia, on May 31, 2016, for $500 million in cash, subject to certain adjustments.
The acquisition was approved by the independent members of the Companys board of directors, upon recommendation of a Special Committee, comprised of solely independent directors, which... More
