US court blocks Tapestry's $8.5 billion acquisition of rival Capri
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.
Capri Stock Craters After Judge Blocks Tapestry Merger: What to Know
Capri Holdings stock has been nearly cut in half Friday after a U.S. judge blocked the retailer's proposed merger with Kate Spade parent Tapestry.
Capri stock craters 45% after judge blocks $8.5 billion Tapestry deal
Shares of Capri Holdings plunged after a US judge blocked its pending $8.5 billion merger with Coach owner Tapestry.
Morning Movers: Capri sinks after judge blocks planned takeover by Tapestry
Check out this morning’s top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS – Newell Brands (NWL) up
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.
Capri shares tumble 46% after US court blocks $8.5 bln merger with Tapestry
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 .
Capri's Proposed $8.5 Billion Acquisition by Tapestry Blocked by Federal Court
Capri (CPRI) shares plunged early Friday following a court ruling that temporarily blocked the luxury fashion company's proposed acquisition by Coach and Kate Spade owner Tapestry (TPR). The US District Court for the Southern District of New York on Thursday approved the Federal Trade Commission's motion for a preliminary injunction against the deal amid concerns it would reduce competition in the market for "accessible luxury" handbags
Capri plunges after US Judge blocks $8.5B merger deal with Tapestry
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 testimony,
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 ...
Judge sides with federal regulators, blocks luxury fashion merger
A federal judge on Thursday temporarily blocked luxury fashion conglomerate Tapestry from moving forward with its $8.5 ...
Versace Parent Capri Stock Tumbles as Judge Blocks Merger With Coach Owner
Capri Holdings (CPRI) shares plummeted 45% soon after the market opened Friday after a federal judge blocked Coach owner ...
Judge Blocks Deal to Unite the Coach and Michael Kors Brands
Capri merger would raise prices for shoppers of luxury handbags ...
Judge blocks $8.5B merger of luxe brands Coach, Michael Kors in shock setback
The companies argued the deal was needed to fight back against European players like Gucci, which are increasingly grabbing ...
Judge Blocks Tapestry Sale
A federal judge blocked Tapestry’s (NYSE:TPR) acquisition of Capri (NYSE:CPRI) on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade ...
Capri stock craters nearly 50% after judge blocks $8.5 billion Tapestry deal
Shares of Capri Holdings plunged after a US judge blocked its pending $8.5 billion merger with Coach-owner Tapestry.