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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.
Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win
The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle.
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
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 transaction.
4h
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 ...
6h
on MSN
These Stocks Moved the Most Today: Walt Disney, Super Micro, Cisco, ASML, JD.com, Tapestry, Intuitive Machines, Hims & Hers, and More
Walt Disney’s earnings beat Wall Street estimates, Super Micro Computer extends losses, and Cisco posts fiscal first-quarter ...
NBC Washington
1d
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Tapestry
and Capri have mutually agreed to call of their merger. The parent companies behind Coach and Michael Kors saw ...
Forbes
13h
Bagging Premium And Dividend With Tapestry Buy Write
If we earn the dividend on December 6, and if
Tapestry
closes above $58 at expiration, we would be assigned and earn $2.45 ...
SchaeffersResearch.com
8h
Tapestry Stock Could Extend Rally to 11-Years Highs
Tapestry (TPR) stock is surging amid rival Capri Holding's (CPRI) breakdown, and also flashing a historically bullish signal ...
8h
on MSN
S&P 500 Gains and Losses Today: Government Contractors Lose Ground, Tapestry Rises
Key Takeaways The S&P 500 slipped 0.6% on Thursday, Nov. 14, 2024, as hotter-than-expected wholesale inflation data raised ...
13h
Coach Owner Tapestry Calls Off Capri Bid On Regulatory Blocks
Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands including Michael Kors and Versace, following a successful legal challenge by US ...
16h
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 ...
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Related topics
Capri
Michael Kors
Coach
New York Stock Exchange
Federal Trade Commission
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