Published on 24 Oct 2024 on Benzinga
Capri Holdings Stock Drops By Half After Judge Blocks Tapestry Merger - Capri...
Capri Holdings Ltd CPRI shares are tanking in Thursday’s after-hours session following reports that a judge has blocked the company’s pending merger with Tapestry Inc TPR.
What To Know: Following an eight-day trial in which the U.S. Federal Trade Commission argued that a merger between Capri and Tapestry would remove competition from the U.S. handbag space, a U.S. judge has moved to block the pending merger, according to Reuters.