Capri Holdings (CPRI) has issued an announcement.
Capri Holdings Limited is set to become a wholly owned subsidiary of Tapestry, Inc. following a merger agreement, but the U.S. Federal Trade Commission has filed a complaint to block the move. Capri Holdings has publicly expressed its disagreement with the FTC’s decision and, together with Tapestry, is determined to contest the case and proceed with the merger.
For an in-depth examination of CPRI stock, go to TipRanks’ Stock Analysis page.
