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Bookmark or Share- Capri’s Outlook Dims After Tapestry Deal Gets Blocked - WWDBut the real price Capri has paid was in the stock market. The company’s shares had been buoyed by the prospect of the $57 a share buyout by Tapestry, but it collapsed on Friday after the ...
- Tapestry Fashion Deal in Limbo as Capri Plunges, Arbs Take HitA 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.. The court’s decision Thursday temporarily blocking the buyout — a big score for US Federal Trade Commission Chair Lina Khan — caused Capri’s stock to ...
- Tapestry’s Proposed Acquisition of CapriOn August 10, 2023, we announced an agreement for Tapestry to acquire Capri. As we have said since the deal was announced, this is a pro-competitive, pro-consumer transaction that will unite six brands offering products across several categories, including handbags and accessories, footwear, and apparel.
- Capri Tumbles 46% After US Court Blocks $8.5 Billion Merger With Tapestry(Reuters) -Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry , hurting the Michael Kors owner's chances of navigating ...
- Tapestry-Capri merger blocked: Why it matters | Vogue BusinessThe verdict comes after the Tapestry-Capri merger has sat in limbo for the past year due to opposition from the FTC. The deal was first announced in August 2023, to a relatively positive reception. It was set to close by the end of 2024, but in April, the FTC sued to block the $8.5 billion deal on the grounds that the merger would eliminate competition and give Tapestry and Capri (as one) a ...
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