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Fly News Breaks for February 16, 2017
KATE
Feb 16, 2017 | 13:59 EDT
William Blair analyst Dylan Carden said Kate Spade's better performance in Q4 provides potential upside to an expected takeout price and continues to see 10-14 times trailing EBITDA as "a reasonable assumption" for a potential sale. That multiple suggests a deal price of $21 to $29 per share based on 2016 EBITDA of $261M, noted Carden, who keeps an Outperform rating on Kate Spade shares.
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