Michael Kors Prices 25M Share Secondary Offering at $61.50/Share
Michael Kors Holdings Limited (NYSE: KORS) (the “Company”) today
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