Tapestry Confirms End of Merger Deal With Capri Holdings [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
Following the announcement, Tapestry's stock surged 12.8%, reaching $57.81, while Capri Holdings saw a modest decline. Capri stock has dropped nearly 60% in 2024. On Thursday, Tapestry disclosed that legal challenges surrounding its proposed August 2023 merger are uncertain and unlikely to be resolved before the Feb. 10, 2025, deadline. This follows last month's ruling in favor of the Federal Trade Commission (FTC), which opposed the deal, claiming it would lead to decreased competition and consumer price increases. However, the companies mutually agreed to terminate the merger, concluding it was in their best interest given the uncertain outcome of the legal process. Tapestry's management emphasized the company's strong position for future growth following the merger's cancelation. Building on a successful first quarter, the company outlined plans to accelerate organic business growth with speed and boldness. Tapestry announced an enhanced shareholder return program, demonstratin
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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
- Capri Holdings Limited (NYSE: CPRI) had its price target lowered by analysts at Telsey Advisory Group from $26.00 to $23.00. They now have a "market perform" rating on the stock.MarketBeat
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