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Capri, Tapestry Scrap Merger
Tapestry and Capri Scrap Merger Plans. Completion of Luxury Deal Uncertain.
Tapestry and Capri Holdings have scrapped their merger plans a few weeks after the Federal Trade Commission sued to block the deal. Tapestry shares gained 7.3% in premarket trading, while Capri fell 6%.
Tapestry’s stock pops and Capri falls 6% as fashion giants scrap merger deal
Tapestry Inc.’ stock jumped 6.8% early Thursday, while Capri Holdings Inc.’s stock fell about 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.
Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win
The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle.
5h
Disney-Reliance Indian media giant says TV ‘is not dead’ following $8.5bn merger
Head of newly formed Jio Star says traditional linear format is still important in the country during streaming era ...
5h
on MSN
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...
6h
on MSN
Disney-Reliance $8.5 Billion Media Merger Closes, Creating Indian Entertainment Powerhouse
Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 ...
38m
Pulmatrix Shares Hit 52-Week High After News of Merger Deal
Shares of Pulmatrix hit a 52-week high on the Nasdaq, more than doubling their opening price before giving back gains, following news of a planned merger with privately held biopharmaceutical company ...
1h
Reliance, Disney complete India media merger valued at $8.5B
Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse in ...
1d
DirecTV scrapping DISH merger
Satellite TV provider DirecTV is walking away from its planned acquisition of EchoStar's video distribution service, DISH DBS ...
1d
on MSN
Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.
Citigroup Chief Executive Jane Fraser That’s Citigroup Inc.’s Chief Executive Jane Fraser, who is adding her voice to ...
1d
on MSN
Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down
KEY TAKEWAYS Spirit Airlines shares are plunging more than 60% in premarket trading on a report that the budget carrier is ...
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