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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.
Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger
Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri Holdings fell after they called off their planned merger over ongoing legal challenges.
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.
1h
on MSN
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock
Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on ...
1h
on MSN
Coming undone: Balance restored in luxury category as Tapestry and Capri call off merger
To the surprise of no one, Tapestry ( NYSE: TPR) has walked away from a potential merger with its struggling competitor Capri ...
33m
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 ...
Forbes
2h
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 ...
Fox Business
1h
Capri terminates Tapestry merger citing regulatory hurdles
The luxury fashion brand merger between Capri and
Tapestry
is officially off, as the two companies announced Thursday that they will abandon the merger because they were unlikely to gain regulatory ...
Yahoo
1h
These Stocks Are Moving the Most Today: Walt Disney, Super Micro, Cisco, ASML, JD.com, Tapestry, Intuitive Machines, and More
(Bloomberg) -- Cisco Systems Inc., the biggest maker of computer networking equipment, delivered better-than-expected ...
4h
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 ...
NBC Los Angeles
7h
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
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