The Owner of Coach Abandons Its $8.5 Billion Bid to Take Over Versace's Parent Company [Yahoo! Finance]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Yahoo! Finance
Tapestry, which owns Coach and Kate Spade, and Capri Holdings, which oversees Versace and Michael Kors, have called off their planned merger, The New York Times reported on Thursday. The $8.5 billion deal was announced last year, but the Federal Trade Commission sued to block the merger and a federal judge agreed with the federal agency last month. More from Robb Report A Judge Just Blocked the $8.5 Billion Merger of Coach and Versace's Parent Companies Selena Gomez's Popular Rare Beauty Line Has Officially Made Her a Billionaire Cillian Murphy Is Now the Face of Versace Menswear Tapestry and Capri “mutually agreed that terminating the merger agreement was in the best interests of both companies,” the two companies said, according to the Times . The move suggests that neither party believed an appeal would result in an eventual merger, the newspaper said. After the two companies announced the acquisition plan, the FTC worried that a merger would run into antitrust issues,
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CPRI
News
- Secrets Of Jet-Set Style And Insider Destinations In Italy [Forbes]Forbes
- Capri Holdings Limited (NYSE: CPRI) had its "equal weight" rating re-affirmed by analysts at Barclays PLC. They now have a $21.00 price target on the stock.MarketBeat
- Capri Holdings Limited (NYSE: CPRI) had its price target lowered by analysts at TD Cowen from $57.00 to $22.00. They now have a "hold" rating on the stock.MarketBeat
- Tapestry Made The Right Decision To Go It Alone Without Capri Dragging It Down [Forbes]Forbes
- Tapestry Confirms End of Merger Deal With Capri Holdings [Yahoo! Finance]Yahoo! Finance
CPRI
Earnings
- 11/7/24 - Miss
CPRI
Sec Filings
- 11/14/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- CPRI's page on the SEC website