What was the purchase price of Kate Spade by Coach?

What was the purchase price of Kate Spade by Coach? $2.4 billion.

Coach agreed to purchase Kate Spade & Company for $2.4 billion in 2017. The announced terms called for Kate Spade shareholders to receive $18.50 per share in cash, making the deal’s total transaction value approximately $2.4 billion.

The acquisition was completed on July 11, 2017, after Coach’s tender offer and merger process. Kate Spade & Company then became a wholly owned subsidiary of Coach, Inc. The deal strengthened Coach’s position in the premium accessories market and added a brand with a younger, highly recognizable customer base.

Readers sometimes confuse this transaction with earlier ownership changes. Neiman Marcus bought a majority stake in Kate Spade’s original business in 1999, and Liz Claiborne acquired the label in 2006. Coach’s $2.4 billion deal was the later corporate acquisition of Kate Spade & Company. Coach itself changed its corporate name to Tapestry, Inc. in October 2017.