Capri and Tapestry end their $8.5 billion merger after FTC blocked it
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 Federal Trade Commission.
Capri terminates Tapestry merger citing regulatory hurdles
The proposed $8.5 billion merger was first announced in August 2023 but has faced scrutiny from the Federal Trade Commission (FTC), which sued to block the deal earlier this year over concerns it would undermine competition in the luxury handbag and ...
Capri Holdings Announces Termination of Merger With Tapestry
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the mutual termination of its definitive merger agreement with Tapestry, Inc. Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.
Capri Announces Mutual Termination Of Merger Agreement With Tapestry - Quick Facts
Capri Holdings (CPRI) announced the mutual termination of its definitive merger agreement with Tapestry, Inc. The required closing
Tapestry, Capri Terminate $8.5 Billion Merger Agreement Amid Regulatory Hurdles
Tapestry (TPR) terminated its proposed acquisition of Michael Kors and Versace parent Capri (CPRI) due to uncertainty regarding regulatory approvals, the companies said in separate Thursday statements.
Tapestry halts Capri merger efforts, shares pop
Capri Holdings Ltd (NYSE:CPRI) and Coach owner Tapestry (NYSE:TPR) canceled their merger on Thursday after the Federal Trade Commission (FTC) blocked the proposed deal. The news sent Tapestry shares rising around 5% in premarket trading,
Capri Holdings, Tapestry agree to end $8.5B merger deal
Capri Holdings (CPRI) and Tapestry, Inc. (TPR) have terminated their $8.5B merger deal due to regulatory challenges.
Factbox-US deals blocked by regulators or facing intense scrutiny
Tapestry abandoned its $8.5 billion bid for Michael Kors owner Capri after a judge blocked it following a lawsuit by the U.S.
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