VGG1890L1076 - Common Stock
If the stock market goes into freefall, these three Warren Buffett stocks to buy would be even better bargains.
Acquisitions, especially large ones, often fail. However, that doesn’t mean you shouldn’t consider M&A stocks for your portfolio.
A judge set Sept. 9 as the start date for the court hearing on the US Federal Trade Commission’s bid to block Tapestry Inc.’s attempted takeover of rival Capri Holding Ltd.
There’s a risk that shares of Capri Holdings Ltd. decline by roughly 30% or more if a proposed $8.5 billion tieup with Tapestry Inc. fails to get across the finish line.
The US Federal Trade Commission sued to stop Tapestry Inc.’s $8.5 billion takeover of rival Capri Holdings Ltd., marking the first time the Biden administration has used its aggressive antitrust enforcement to try to stop a deal in the fashion accessories sector.
Traders are growing increasingly skeptical that antitrust regulators will approve Tapestry Inc.’s pending $8.5 billion takeover of rival Capri Holdings Ltd. — even if Tapestry’s leadership is confident the deal will go through.
Jefferies downgrades Tapestry due to risks from planned acquisition of Capri Holdings.
Capri Holdings Limited (CPRI) saw a decline in FQ3 earnings, with total revenue down 5.6% YoY.
Capri Holdings (CPRI) experiences a 1.7% rise in premarket trading as China's antitrust regulator approves Tapestry's (TPR) $8.5 billion acquisition.
Bill Gross is sticking with his wager on Capri Holdings Ltd. even as traders worry that a proposed takeover of the Michael Kors parent won’t win regulatory approval.