Tapestry Is Buying Back Bonds Issued to Fund Capri Purchase [Yahoo! Finance Canada]
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 Canada
sold to fund its now blocked purchase of Capri Holdings, after abandoning the deal due to antitrust pressure. Most Read from Bloomberg The owner of the Coach and Kate Spade brands will redeem the debt at 101 cents on the dollar or euro, according to language in the company's bond documents. Buying back the notes at just a bit above par will hand paper losses to investors holding bonds that had recently traded higher. The 10-year notes that Tapestry issued were trading at more than 109 cents on the dollar last month, before a federal judge blocked the company's planned acquisition after concluding it would harm competition in the market for “accessible luxury” handbags. The bond traded at 103 cents on the dollar on Wednesday. The deal was closely watched as it underscored how the Biden administration's crackdown on acquisitions can impact the US corporate bond market. The incoming administration is expected to be more friendly to such deals and there could be more acquisitions
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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