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Michael Kors Holdings Ltd Announces Pricing of Secondary Public Offering


Wednesday, 20 Feb 2013 07:15pm EST 

Michael Kors Holdings Ltd announced the pricing of the secondary offering of 25,000,000 ordinary shares by certain selling shareholders at a price of $61.50 per share. In addition, certain of the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 3,750,000 ordinary shares. The secondary offering is expected to close on or about February 26, 2013. Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman, Sachs & Co. are joint book-running managers, and Robert W. Baird & Co. Incorporated, HSBC Securities (USA) Inc., Jefferies & Company, Inc., Nomura Securities International, Inc. and Piper Jaffray & Co. are co-managers for the offering. Lebenthal & Co., LLC and Telsey Advisory Group, LLC are also underwriters for the offering. 

Company Quote

81.73
-1.13 -1.36%
21 Aug 2014