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Capri, Tapestry Scrap Merger
Tapestry’s stock pops and Capri falls 6% as fashion giants scrap merger deal
Tapestry Inc.’ stock jumped 6.8% early Thursday, while Capri Holdings Inc.’s stock fell about 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.
Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger
Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri Holdings fell after they called off their planned merger over ongoing legal challenges.
Tapestry Confirms End of Merger Deal With Capri Holdings
Tapestry, Inc. TPR, the parent company of Coach, Kate Spade and Stuart Weitzman, announced today that it has mutually agreed with Capri Holdings Limited to end its planned $8.5 billion merger. Following the announcement,
15h
Tapestry Made The Right Decision To Go It Alone Without Capri Dragging It Down
Tapestry dodged a bullet by canceling its acquisition of Capri Holdings. It is freed from taking on the many problems at ...
7d
Why Capri Holdings Stock Was Falling Today
The merger was blocked after a district court agreed with the Federal Trade Commission that the deal would significantly ...
13h
Capri Holdings: Strategic Challenges and Uncertain Financial Outlook Post-Merger Termination
Paul Lejuez, an analyst from Citi, maintained the Hold rating on Capri Holdings (CPRI – Research Report). The associated price target was ...
1d
on MSN
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...
1d
Why Tapestry (TPR) Stock Is Trading Up Today
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR) jumped 13.2% in the afternoon session after the company announced ...
13h
Capri Holdings: Strategic Adjustments Amidst Challenges Lead to Hold Rating
Jefferies analyst Ashley Helgans has maintained their neutral stance on CPRI stock, giving a Hold rating today. Ashley Helgans’s rating ...
1d
Stock market today: Dow, S&P 500, Nasdaq slip with Powell speech, Trump-led sweep in focus
Comments from Jerome Powell could set the tone for rate cuts as the market assesses the impact of a Republican sweep in D.C.
NBC Washington
2d
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
In the initial aftermath of the judge's ruling, shares of
Capri
plunged around 50% while Tapestry's
stock
surged about 10 ...
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Tapestry
Coach
Michael Kors
Federal Trade Commission
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