Capri and Tapestry end their $8.5 billion merger after FTC blocked it
Fashion companies Capri Holdings Limited and Tapestry -- parent companies behind the Coach and Michael Kors brands -- ended their $8.5 billion merger deal Thursday. The deal was blocked by the Federal Trade Commission.
Capri terminates Tapestry merger citing regulatory hurdles
The proposed $8.5 billion merger was first announced in August 2023 but has faced scrutiny from the Federal Trade Commission (FTC), which sued to block the deal earlier this year over concerns it would undermine competition in the luxury handbag and ...
Capri Holdings Announces Termination of Merger With Tapestry
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the mutual termination of its definitive merger agreement with Tapestry, Inc. Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.
Capri Announces Mutual Termination Of Merger Agreement With Tapestry - Quick Facts
Capri Holdings (CPRI) announced the mutual termination of its definitive merger agreement with Tapestry, Inc. The required closing
Tapestry, Capri Terminate $8.5 Billion Merger Agreement Amid Regulatory Hurdles
Tapestry (TPR) terminated its proposed acquisition of Michael Kors and Versace parent Capri (CPRI) due to uncertainty regarding regulatory approvals, the companies said in separate Thursday statements.
Tapestry halts Capri merger efforts, shares pop
Capri Holdings Ltd (NYSE:CPRI) and Coach owner Tapestry (NYSE:TPR) canceled their merger on Thursday after the Federal Trade Commission (FTC) blocked the proposed deal. The news sent Tapestry shares rising around 5% in premarket trading,
Capri Holdings, Tapestry agree to end $8.5B merger deal
Capri Holdings (CPRI) and Tapestry, Inc. (TPR) have terminated their $8.5B merger deal due to regulatory challenges.
Factbox-US Deals Blocked by Regulators or Facing Intense Scrutiny
(Reuters) - Tapestry abandoned its $8.5 billion bid for Michael Kors owner Capri after a judge blocked it following a lawsuit ...
Yahoo2h
Facebook's parent company, Meta, facing courtroom battle
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an ...
WJCL on MSN3h
Ask Asa: New FTC 'Click to Cancel' Rule Faces Pushback
The Federal Trade Commission wants to simplify the process for canceling recurring charges. But there are already ...
Benzinga.com1h
Golden Years For M&A Deals Ahead Under Trump? Analysts Highlight Top 10 Large-Cap Candidates
Bank of America analysts see brighter days ahead for deal-making, anticipating that Trump could remove Federal Trade ...
Federal consumer protection agencies likely to be curbed in a new Trump administration
Under the first Trump administration, the Consumer Financial Protection Bureau significantly slowed its enforcement ...
Abolish the Federal Alcohol Tax and Regulation System
When the 21st Amendment was ratified in 1933, ending America's "noble experiment" with nationwide alcohol Prohibition, it ...
JD Supra56m
When Will the HSR Rules Be Effective?
The HSR Rules have now been published in the Federal Register, which puts them on track to be effective on February 10, 2025.
WRIC Richmond on MSN3d
Federal Trade Commission gives tips on how to spot scams targeting veterans
In recognition of Veterans Day, the Federal Trade Commission (FTC) is sharing how family and friends can spot and avoid scams ...
Tennessean8d
Opinion: Federal Trade Commission warns adoption intermediaries about deceptive practices
The Federal Trade Commission sent warning letters to 31 for-profit adoption intermediaries in September. Adoption intermediaries act as middlemen between prospective adoptive parents and birth ...
Antitrust lawsuit against Meta heads to trial in effort to break up social media giant
An antitrust case aimed at breaking up social media giant Meta is heading to trial. That's after a federal judge partly ...