An announcement from Tapestry (TPR) is now available.
Tapestry, Inc. is set to acquire Capri Holdings Limited, with the merger leading to Capri becoming a wholly owned subsidiary of Tapestry. However, this move has hit a snag as the U.S. Federal Trade Commission has initiated legal action to block the merger. The complaint was filed in a New York District Court, and in response, Tapestry has issued a press release addressing the situation, emphasizing the company’s perspective on the matter.
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