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Capri and Tapestry End Merger Plan
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%.
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.
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.
DirecTV-Dish Merger In Jeopardy
DirecTV scrapping DISH merger
Satellite TV provider DirecTV is walking away from its planned acquisition of EchoStar's video distribution service, DISH DBS, after DISH bondholders rejected a debt exchange.
DirecTV said it plans to abandon its Dish merger
Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar’s satellite television business that includes Dish TV by Nov. 22 if bondholders don’t agree to a debt exchange.
DirecTV says Dish purchase is off
DirecTV’s proposed acquisition of Dish assets is most likely dead after a group of bondholders rejected a revised offer.
The New York Times
1h
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
Tapestry and Capri said that they had “mutually agreed that terminating the
merger
agreement was in the best interests of ...
2h
on MSN
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 ...
1h
on MSN
Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger
Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri ...
2h
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 ...
2h
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 ...
3h
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 ...
3h
on MSN
Reliance, Disney complete India media merger valued at $8.5 billion
Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse that ...
The Business Journals
17h
UnitedHealth-Amedisys merger targeted by Justice Department
UnitedHealth Group Inc.'s $3.3 billion acquisition of Amedisys is being targeted by federal antitrust regulators who say the ...
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 ...
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