Capri Intends To Jointly File With Tapestry A Notice Of Appeal Regarding District Court's Decision To Grant FTC's Motion For Preliminary Injunction To Block Merger
Portfolio Pulse from Benzinga Newsdesk
Capri Holdings and Tapestry plan to appeal a district court's decision to grant the FTC's motion for a preliminary injunction blocking their merger.
October 24, 2024 | 10:06 pm
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NEGATIVE IMPACT
Capri Holdings is appealing a court decision that blocks its merger with Tapestry due to an FTC injunction.
The appeal indicates a legal challenge to the FTC's decision, which could delay or prevent the merger, potentially affecting Capri's stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Tapestry is appealing a court decision that blocks its merger with Capri Holdings due to an FTC injunction.
The appeal suggests a legal battle against the FTC's injunction, which could delay or prevent the merger, potentially impacting Tapestry's stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90