Tapestry, Inc. Announces Termination of Merger Agreement With Capri Holdings Limited
Tapestry, Inc. (TPR)
Last tapestry, inc. earnings: 4/30 06:45 am
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Source: Business Wire
Reaffirms Commitment to Driving Accelerated Organic Growth and Shareholder ValueAnnounces Additional $2 Billion Share Repurchase Authorization, Including a Planned Accelerated Share Repurchase ProgramExecutes Plans to Redeem Acquisition-Related Debt NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE: CPRI) to terminate the merger agreement between the parties.Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies, as the outcome of the legal process is uncertain and unlikely to be resolved by the February 10, 2025 outside date.Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, “We have always had multiple paths to growth and our decision today clarifies the forward strategy. Building on our successful first
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News
- Tapestry, Inc. (NYSE: TPR) was upgraded by analysts at Daiwa America to a "hold" rating.MarketBeat
- Tapestry, Inc. (NYSE: TPR) had its "equal weight" rating re-affirmed by analysts at Barclays PLC. They now have a $57.00 price target on the stock.MarketBeat
- Tapestry, Inc. (NYSE: TPR) had its price target raised by analysts at BMO Capital Markets from $55.00 to $60.00. They now have a "market perform" rating on the stock.MarketBeat
- Tapestry, Inc. (NYSE: TPR) had its price target raised by analysts at Wells Fargo & Company from $65.00 to $75.00. They now have an "overweight" rating on the stock.MarketBeat
- Tapestry, Inc. (NYSE: TPR) had its price target raised by analysts at Guggenheim from $60.00 to $70.00. They now have a "buy" rating on the stock.MarketBeat
TPR
Earnings
- 11/7/24 - Beat
TPR
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- TPR's page on the SEC website