Apr 15, 04:25 PM

Tapestry-Capri $57/Share Merger Gets EU, Japan Nod; FTC Hurdle Remains

The proposed merger between Tapestry and Capri, two major players in the luxury handbag market, has received regulatory approvals from both the European Commission on April 15 and Japan. However, the deal, valued at $57 per share for Capri, still faces potential challenges in the United States where the Federal Trade Commission (FTC), led by Chair Lina Khan, is reportedly considering a lawsuit over competition concerns. The FTC's decision is now the only remaining antitrust regulatory approval needed for the merger to proceed.

#Tapestry #Capri #European Commission #Japan #United States #Federal Trade Commission #FTC #Lina Khan

Written with ChatGPT (GPT-4).

Sources

Reuters@Reuters
2 years ago
Tapestry merger with Versace owner Capri gets EU, Japan approval https://t.co/2CJfv3Oeu2 https://t.co/cZXC9AhoTS
Special Situations 🌐 Research Newsletter (Jay)@SpecialSitsNews
2 years ago
$CPRI / $TPR merger receives approval by Japan and EU, but FTC (Lina Khan) may file suit The only outstanding antitrust regulatory approval is the United States
Ross Hendricks@Ross__Hendricks
2 years ago
Tapestri receives EU approval for $CPRI acquisition, leaving only FTC approval as the last remaining roadblock to the $57 takeout.

Tapestry-Capri $57/Share Merger Gets EU, Japan Nod; FTC Hurdle Remains

Sources

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