Tapestry Inc. (TPR) PT Raised to $63 at Evercore ISI

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Go back to Tapestry Inc. (TPR) PT Raised to $63 at Evercore ISI

Capri plunges after US Judge blocks $8.5B merger deal with Tapestry

October 24, 2024 4:43 PM EDT

Investing.com -- The Tapestry-Capri $8.5B merger deal has been blocked by a U.S. judge on Thursday concerns that the tie-up of the two luxury handbag makers could stifle competition.


 
Following seven days of... More

After-hours movers: Capri Holdings, Skechers, DexCom, Western Digital and more

October 24, 2024 4:42 PM EDT

After-Hours Stock Movers:

Capri Holdings (NYSE: CPRI) shares fell 48% after a judge blocked its deal to merge with Tapestry (NYSE: TPR), a victory for the FTC. Tapestry shares gained.

DexCom (NASDAQ:... More

US court blocks Tapestry's $8.5 billion acquisition of rival Capri

October 24, 2024 4:12 PM EDT

By Siddharth Cavale

NEW YORK (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission that is a likely death blow for the deal.

The decision is a win for the Biden administration ahead of the Nov. 5 presidential election, in which rising consumer prices have become a top concern for voters.

The FTC argued at an eight-day trial in New York that the merger would eliminate fierce head-to-head competition between the top two U.S.... More

Capri Holdings Limited (CPRI), Tapestry (TPR) Deal Blocked by a Judge - Bloomberg

October 24, 2024 4:06 PM EDT

Capri Holdings Limited (NYSE: CPRI), Tapestry (NYSE: TPR) Deal Blocked by a Judge - Bloomberg

... More