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Michael Kors Holdings Limited Message Board

  • why2buy why2buy Jun 17, 2012 8:02 PM Flag

    Facts about KORS

    Michael Kors Holdings (KORS):
    On Dec. 14, 2011, Michael Kors priced 47.2 million shares at $20 each. Its 180-day lock-up period expires on June 11, 2012. (Underwriters collected $47.2 million in fees and commissions.)

    On March 22, Michael Kors priced a follow-on offering of 25 million shares at $28.25 each. Selling shareholders offered all 25 million shares. (Underwriters collected $35.3 million in fees and commissions.)

    Conclusion: Insiders don’t have to wait for the lock-up period’s expiration to roll around to jettison stock. It’s this simple: Pick up the phone, call the underwriter and ask “permission” to float a follow-on offering.

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