Ever since peaking in late April, Kate Spade’s (KATE) shares have been in a downward spiral so pronounced that even an amateur technical analyst like myself could draw its trend line lower. Today, however, its shares are soaring after the Wall Street Journal reported that Kate Spade was actively seeking a buyer.
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Mizuho’s Betty Chen and Alex Pham run the math on a possible acquisition price:
When we examined historical transactions in the specialty retail sector, we noticed a wide range of valuations. Select relevant transactions to consider would....More>>>