Tapestry ( (TPR) ) just unveiled an announcement.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Tapestry, Inc. announced the termination of its merger agreement with Capri Holdings Limited, focusing instead on accelerating organic growth and enhancing shareholder value. With a robust financial position, Tapestry plans to implement a $2 billion share repurchase program, partly through an accelerated share repurchase plan, while redeeming acquisition-related debt. The company emphasizes its commitment to a solid investment-grade rating and returning capital to shareholders through dividends and share buybacks.
See more insights into TPR stock on TipRanks’ Stock Analysis page.
