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Capri, Tapestry
Tapestry Fashion Deal in Limbo as Capri Plunges, Arbs Take Hit
A court order freezing Tapestry Inc.’s $8.5 billion acquisition of Capri Holdings Ltd. has put the fashion deal in jeopardy, sent shares of Capri into a tailspin and punished funds and merger arbitragers that bet against the ruling.
Tapestry Capri Deal Gets Blocked, What Now?
Tapestry shares surged 12% after a federal judge blocked its $8.5B acquisition of Capri, whose shares plummeted nearly 46%. See why I rate TPR and CPRI as sell.
US court blocks Tapestry's $8.5 billion acquisition of rival Capri
A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission that is a likely death blow for the deal.
2d
FTC Blocks Tapestry-Capri Merger As Tapestry Vows To Fight Saying It’s ‘Pro-Consumer’
A federal court sided with the FTC to block Tapestry acquiring Capri Holdings, in a move Tapestry claims is "incorrect on the ...
2d
on MSN
Capri Stock Slides as Tapestry Surges on Blocked Merger Ruling. Here’s Why.
Capri had more to gain from the acquisition, investors say. Meanwhile, a slowing market for luxury goods slowly made the deal ...
2d
on MSN
Federal judge blocks luxury brand merger between Tapestry and Capri
A federal judge issued a ruling blocking the pending merger of luxury fashion brands Tapestry and Capri on the grounds it ...
2d
Capri tumbles 46% after US court blocks $8.5 bln merger with Tapestry
Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent ...
3d
on MSN
Jueza bloquea plan de Tapestry de comprar Capri por US$8.500 millones
Una jueza federal bloqueó el proyecto de adquisición de Capri Holdings Ltd. por parte de Tapestry Inc., fabricante de los ...
3d
US court blocks handbag maker Tapestry’s $8.5 billion acquisition of rival Capri
A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a ...
2d
on MSN
Midday stock movers: Tapestry, Capri, Deckers Outdoor, Spirit Airlines, and more
The stock market is trading higher midday. The S&P 500 added 0.27% while the tech-heavy Nasdaq Composite climbed 0.96%. The ...
2d
Tapestry price target raised to $63 from $47 at Evercore ISI
Evercore ISI raised the firm’s price target on Tapestry (TPR) to $63 from $47 and keeps an Outperform rating on the shares after a court ...
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FTC
United States
Michael Kors
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