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Capri, Tapestry
Tapestry $8.5 Billion Capri Deal Halted by Judge in FTC Win
A federal judge blocked the planned $8.5 billion acquisition by Tapestry Inc., maker of Coach and Kate Spade handbags, of rival Capri Holdings Ltd., sending Capri shares down as much as 56% in postmarket trading.
Capri Stock Sinks 50% as Judge Blocks Merger With Tapestry
Capri Holdings stock tumbled Thursday after a judge granted the Federal Trade Commission’s request to block the company’s intended merger with competitor Tapestry.Capri shares were down 50% to $20.88 in after-hours trading Thursday.
What Next After FTC Blocks Tapestry’s $8.5B Acquisition of Capri?
The government’s court victory threatens the deal, which was set to put Michael Kors, Coach and Kate Spade under the same corporate umbrella.
1h
Capri Shares Tumble 46% After US Court Blocks $8.5 Billion Merger With Tapestry
(Reuters) - Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading on Friday after a U.S. judge blocked ...
14h
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 ...
1h
on MSN
These Stocks Are Moving the Most Today: Tesla, Capri, Western Digital, Spirit Airlines, Deckers, Coursera, and More
Tesla stock moves lower after shares of the electric-vehicle maker surged 22% on Thursday, a judge grants the FTC request to ...
2h
on MSN
Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court
Versace's parent company, Capri Holdings, suffered a steep loss in after-hours trading on Thursday after a federal judge ...
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