Tapestry And Capri Call Off $8.5B Deal Amid Legal Hurdles [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
The companies mutually agreed to terminate their merger agreement, citing uncertainty in the legal process and the likelihood that it would not be resolved by the February 10, 2025 outside date. Following the termination of the merger agreement, Tapestry will redeem $6.1 billion in senior notes tied to the acquisition, paying 101% of their principal amount plus accrued interest, as per the Special Mandatory Redemption clause. There is no break fee. Tapestry will also reimburse Capri $45 million for transaction-related expenses. Recently, a judge blocked the acquisition by Tapestry, which the companies planned to appeal the ruling In April, the Federal Trade Commission filed a lawsuit aiming to halt Tapestry's $8.5 billion purchase of Capri Holdings. Buyback : Tapestry's Board of Directors approved a $2 billion share repurchase program, to be funded through a mix of cash on hand and future debt issuance. This, along with the remaining $800 million from the prior authorizat
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CPRI
News
- Hedge Funds Think That Capri Holdings Limited (CPRI) Will Bounce Back Soon [Yahoo! Finance]Yahoo! Finance
- Capri Holdings Limited (NYSE: CPRI) had its price target raised by analysts at JPMorgan Chase & Co. from $15.00 to $19.00. They now have a "neutral" rating on the stock.MarketBeat
- Capri reportedly exploring sale of its Versace, Jimmy Choo brands; shares jump [Yahoo! Finance]Yahoo! Finance
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CPRI
Earnings
- 11/7/24 - Miss
CPRI
Sec Filings
- 12/18/24 - Form 4
- 12/2/24 - Form 8-K
- 11/14/24 - Form 8-K
- CPRI's page on the SEC website