Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
17 hours ago · Nov 14 (Reuters) - Tapestry (TPR.N), opens new tab said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri (CPRI.N), opens new tab after a legal hurdle last month ...
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
14 hours ago · Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the ...
Capri and Tapestry end their $8.5 billion merger after FTC ... - UPI
15 hours ago · Fashion companies Capri Holdings Limited and Tapestry -- parent companies behind the Coach and Michael Kors brands -- ended their $8.5 billion merger deal Thursday. The deal was blocked by the ...
Capri, Tapestry Scrap Merger After FTC Blocked Deal - Yahoo …
14 hours ago · TPR. CPRI. (Bloomberg) -- Capri Holdings Ltd and Tapestry Inc. scrapped their $8.5 billion plan to merge after a court order froze the proposed combination of the US fashion companies due to ...
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
13 hours ago · Tapestry will repurchase $6.1 billion of bonds it sold to finance the Capri acquisition. Shares of Tapestry, which also announced an additional $2 billion stock buyback, rose more than 11 percent ...
Capri and Tapestry End Merger Plan After FTC Wins Blocking Order
17 hours ago · 0:45. Capri Holdings Ltd and Tapestry Inc. have ended an $8.5 billion plan to merge after a US court order freezing the deal due to US antitrust regulators’ objections. The two companies said in ...
US anti-trust trial in Tapestry bid for Capri ends, judge's decision ...
Oct 1, 2024 · The U.S. anti-trust trial over the $8.5 billion bid by luxury goods maker Tapestry to buy Capri concluded on Monday, with Tapestry lawyers citing an "intensely competitive" handbag market in...
US court blocks Tapestry's $8.5 billion acquisition of rival Capri
NEW YORK, Oct 24 (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry (TPR.N) and Capri (CPRI.N) on Thursday, a victory for the...
US court blocks handbag maker Tapestry’s $8.5 billion ... - CNN
Oct 24, 2024 · 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...
Capri must. now fix its business without Tapestry's help - Fortune
10 hours ago · Capri’s shares are down almost 80% from a decade ago, and fell further on the news that the acquisition fell through. Tapestry, meanwhile, saw a 9% stock bump on Thursday, with investors and ...
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