Tapestry (TPR) to Acquire Capri Holdings (CPRI) for $57/sh or $8.5B Cash
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Tapestry, Inc. Announces Definitive Agreement to Acquire Capri Holdings Limited, Establishing a Powerful Global House of Iconic Luxury and Fashion Brands
August 10, 2023 6:45 AM EDTUnites Six Distinctive Brands, Expanding Portfolio Reach Across Consumer Segments, Geographies, and Product Categories Combined Company Generated Over $12 Billion in Revenue and Nearly $2 Billion in Adjusted Operating Profit in the Prior Fiscal Year Significant Cost Synergy Opportunity of Over $200 Million on a Run-Rate Basis Acquisition Expected to be Immediately Accretive to Tapestrys EPS on an Adjusted Basis Tapestry Board of Directors Approves an Increase in the Companys... More
