Coach, Inc. Initial Public Offering Priced At $16 Per Share.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 4, 2000 Coach, Inc., which designs, produces and markets classic American accessories, announced today its initial public offering of 7,380,000 shares of common stock at $16 a share. All shares are being sold by Coach and will be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "COH CoH City of Heroes (gaming) CoH Company of Heroes (game) COH City of Hope COH Court of Honor (Boy Scouts of America) COH Controlled Ovarian Hyperstimulation ." Coach was founded in 1941 and has been owned by Sara Lee
Sara Lee Corporation (NYSE: SLE) is a global consumer-goods company based in Downers Grove, Illinois, USA. Corporation since 1985. "This is an exciting time for us as we continue to build on Coach's success in the public arena," said Lew Frankfort, chairman and chief executive officer of Coach. Immediately after this offering there will be 42,406,333 shares of common stock of Coach outstanding. Of this number, 35,026,333 shares of common stock will be held by Sara Lee Corporation. Sara Lee Corporation plans to offer its stockholders the opportunity to exchange Sara Lee Corporation common stock for Coach's common stock in a tax free split-off within 12 months after this offering. Alternatively, Sara Lee Corporation may effect a distribution of Coach's stock through some other method and we can not assure you as to whether, when or how any such distribution will occur. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering may be obtained by writing to or telephoning the lead underwriter Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. : Goldman, Sachs & Co. 85 Broad Street New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10004 212/902-1000 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Coach Coach, Inc. is a designer, producer and marketer of classic American accessories that complement the diverse lifestyles of discerning men and women. The Company's primary products are handbags, men's and women's accessories, business cases, luggage and travel accessories, time management products, leather outerwear, gloves, scarves, watches, eyewear, footwear and furniture. Information on Coach products can be found on the Web at: http://www.coach.com. |
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