A federal judge on Thursday blocked Tapestry Inc.'s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.
Stock of Michael Kors owner Capri dives after judge blocks merger with Tapestry
Market Watch - 24 Oct 2024 23:41
A federal judge on Thursday blocked Tapestry Inc.'s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.
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