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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.