2013年03月12日

Michael Kors Sells Another $185 Million of His Stock

Michael
example Kors, the famed designer, is padding his silk, well-cut pockets again.
Getty ImagesSince taking his namesake public on the New York Stock Exchange in December 2011, Mr

Michael Kors bags

. Kors has already sold about 16 million shares, including in the IPO, and this week is selling at least 3 million more, drawing down his ownership and bringing in big gains along the way .The latest offering, with insiders selling a total of 25 million shares, was announced Tuesday evening, just after the shares closed at a new high of $64.84. It priced on Wednesday night at $61.50, not even a discount to that day’s close.Mr. Kors will now hold just 2.4% of shares, about 4.85 million of them, and that could fall to as low as 2.2% if underwriters exercise their overallotment, according to a filing. Before the IPO, Mr. Kors held about 11.7% of all shares, over 22 million in total.And for the fourth time in four tries, Mr. Kors and the other selling shareholders have managed to sell their shares at a higher price that the previous offering. The latest sale wasdone at $53 in September, before thatit was $47 in Marchand before that the IPO was priced at $20.The funds the shareholders have reaped have been Michael Kors Outlet enormous.
posted by michaelkorscheap at 12:09| Comment(1) | 日記 | 更新情報をチェックする
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屋対、他にも方法。例えイド・ファうに、チケットを買った本人でないと入テムをるとか。
Posted by ロレックス 腕時計 at 2013年06月06日 17:54
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