Caerus Sends Letter to Kate Spade Board

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Go back to Caerus Sends Letter to Kate Spade Board

Wells Fargo Sees Things Getting Interesting for Kate Spade (KATE); Affirms at 'Outperform'

November 14, 2016 11:49 AM EST

Wells Fargo affirms Kate Spade (NYSE: KATE) at Outperform with a valuation range of $21 - $22 after Caerus Investors sent a constructive letter to Nancy Karch, Chairman of the Board of Directors of Kate Spade urging the Board to take steps to realize shareholder value by pursuing a sale of the company.

The firm commented today, So far, management at KATE has not... More