Kenneth Cole's $280M Buyout Bid Still Short, Investor Says

Law360, New York (June 15, 2012, 6:45 PM EDT) -- Designer Kenneth Cole's latest offer — $280 million — to take his New York-based apparel company private still isn't high enough, says a private Belgian investment management firm that holds stock in Kenneth Cole Productions Inc. and sued in New York state court Thursday to block the acquisition.

Cole, who has been trying for months to take his eponymous company private, abused his position as a major shareholder of Kenneth Cole Productions, using his outsized sway to make the board of directors accept a lowball offer,...
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