Kenneth D. Cole announced Friday morning that he has proposed to acquire 100% of the outstanding publicly held shares of common stock of Kenneth Cole Productions (KCP) through a merger transaction. Public stockholders would receive $15.00 per share in cash for each share held.
Kenneth Cole Productions gapped open sharply higher Friday, but traded in a narrow range for the majority of the session. Shares finished up by 2.42 at $15.49 on the highest volume of the year. The stock jumped to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.