December 28, 2016 / 5:56 PM / 7 months ago

Kate Spade exploring sale - CNBC, citing Dow Jones

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Dec 28 (Reuters) - Hand bag and accessories maker and retailer Kate Spade & Co is exploring a sale and is working with a bank to sound out possible acquirers, CNBC reported, citing Dow Jones.

Shares of Kate Spade, which had a market value of $1.86 billion as of Tuesday's close, were up 19 percent at $17.27 on Wednesday before being halted for a second time.

Company officials could not be reached immediately for comment. (cnb.cx/2irm98L) (Reporting by Aravind K in Bengaluru; Editing by Maju Samuel)

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