Tapestry shares are trading lower after the company announced a definitive agreement to acquire Capri Holdings.
Portfolio Pulse from Benzinga Newsdesk
Tapestry Inc. has announced a definitive agreement to acquire Capri Holdings. This news has led to a decrease in Tapestry's share price.
August 10, 2023 | 12:40 pm
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Tapestry's shares are trading lower after the company announced its plans to acquire Capri Holdings.
Acquisitions often lead to uncertainty among investors, which can result in a short-term decrease in the acquiring company's share price. This seems to be the case with Tapestry, as its shares are trading lower following the announcement of its plans to acquire Capri Holdings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100