Reported about 1 month ago
Capri Holdings saw its stock tumble nearly 47% after a U.S. judge halted its $8.5 billion acquisition by Tapestry, citing antitrust concerns that the merger would reduce competition in the accessible-luxury handbag market. Tapestry plans to appeal the decision amid the Federal Trade Commission's ongoing investigation, arguing that the merger is essential for competing against European brands.
Source: YAHOO