US8760301072 - Common Stock
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.
Investors should take notice ofTAPESTRY INC (NYSE:TPR)—it offers a great deal for the fundamentals it presents.
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.
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In a welcome move, Victoria's Secret stock saw its Relative Strength Rating rise from 62 to 73 on Wednesday.
Jefferies downgrades Tapestry due to risks from planned acquisition of Capri Holdings.
Shares of these companies are trading at sizable earnings discounts.
Dive into the luxury retail sector's challenges with a look at three high-end retail stocks facing headwinds in 2024.
Inflation is falling now, but investors are justified in being cautious considering recent history. These dividend stocks provide protection.