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
- 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
- Capri Puts Versace and Jimmy Choo Up for Sale: Sources [Yahoo! Finance]Yahoo! Finance
- Tote Bags Market to grow by USD 9.19 Billion (2024-2028), driven by luxury bag personalization, with AI redefining the market landscape - Technavio [Yahoo! Finance]Yahoo! Finance
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