Kenneth Cole Blasts Challenge To $149M Go-Private Deal

Law360, New York (February 4, 2013, 7:01 PM EST) -- Attorneys for Kenneth Cole and his eponymous company told a New York state judge Monday that minority shareholders couldn't block the company's $149 million plan to go private because the deal was properly vetted and enjoyed overwhelming shareholder approval.

Attorneys for Cole, his company and the special committee that reviewed the deal, which was also blessed by nearly all the company's public shareholders, blasted the shareholder challenges, arguing that the company was careful to ensure it didn't run afoul of Delaware law's standards for evaluating such...
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