As previously announced, on February
23, 2012, Kenneth Cole Productions, Inc. KCP received
a non-binding proposal from Kenneth Cole, Chairman and Chief Creative Officer
of the Company and the holder of approximately 47% of the Company's
outstanding common stock,
to acquire all of the outstanding shares of the Company's Class A common stock
that he does not currently directly or indirectly own for $15.00 per share in
cash. In response, the special committee of independent directors established
by the Company's board of directors delivered a letter to Mr. Cole requesting
that he reconsider his position that he is unwilling to consider any
alternative proposals. On March 2, 2012, Mr. Cole responded by letter that he
did not intend to change his position.
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