From CNBC: 2024-11-14 07:44:31

Capri and Tapestry call off merger after FTC sues to block $8.5 billion deal. Tapestry to use cash to fund $2 billion share repurchase. Tapestry will reimburse Capri around $45 million for expenses. Wall Street analysts had begun to sour on merger. Capri to discuss strategies for growth and fixing Michael Kors brand.



Read more at CNBC: Capri and Tapestry abandon plans to merge