Capri shares are trading higher after Tapestry announced a definitive agreement to acquire the company.
Portfolio Pulse from Benzinga Newsdesk
Tapestry has announced a definitive agreement to acquire Capri, leading to a rise in Capri's share prices.

August 10, 2023 | 12:37 pm
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Capri's shares are trading higher following the announcement of its acquisition by Tapestry.
Acquisition announcements often lead to a rise in the share prices of the company being acquired, as it is seen as a positive development. In this case, Capri's shares have risen following the announcement of its acquisition by Tapestry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100