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Capri, Tapestry
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 its pending $8.5 billion merger with handbag maker Tapestry.
Stock of Michael Kors owner Capri dives 45% after judge blocks merger with Tapestry
A federal judge on Thursday blocked Tapestry Inc.’s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.
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 victory for the US Federal Trade Commission in an industry where merger challenges are rare.
1h
on MSN
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 ...
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 ...
1h
Wall Street Breakfast Podcast: Capri Tanks On Blocked Tapestry Deal
Capri Holdings tumbles after judge blocks $8.5B sale to Tapestry. Spirit Airlines to sell planes, cut jobs to boost liquidity ...
12h
CORRECTING and REPLACING Capri Holdings Intends to File Notice of Appeal
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today reported that, consistent with the requirements of ...
1h
Premarket movers: Capri, Apple
Capri Holdings stock dived 47% after a judge blocked a merger with Tapestry. Tapestry stock jumped 14%. Western Digital shares gained 12% as [the data storage company beat earnings estimates.
2h
on MSN
Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court
A federal judge granted the FTC's motion to block the merger between Tapestry and Capri Holdings.
11h
Judge Blocks Luxury Fashion Deal, Citing Risk of Higher Handbag Prices
The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and ...
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Related topics
Tapestry
Michael Kors
United States
Federal Trade Commission
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