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Capri Holdings (), the parent company of Michael Kors and Jimmy Choo, saw shares plunge around 47% in early trading on Friday after a US judge blocked its pending $8.5 billion acquisition by Coach ...
The news sent Capri's stock crashing, as its shares fell more than 45% while Tapestry shares climbed double-digits. Now that the merger is currently blocked, what should investors do with the stocks?
As of 2:39 p.m. ET, the stock was down 10.4% on the news. A mannequin holding a sale bag. Image source: Getty Images. Capri comes up short. ... Capri stock plunged when that news came out.
Now Michael Kors' owner Capri has to figure out how to survive without the ... and fell further on the news that the acquisition fell through. Tapestry, meanwhile, saw a 9% stock bump on Thursday ...
The latest luxury fashion M&A deal drew a mixed response from pros on Wall Street and in the industry.
Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, incorporated in the British Virgin Islands, [3] with executive offices in London [3] and operational offices in New York.
Capri stock surged 59% to $54.82 in premarket trading. Tapestry shares fell 4% to $39.54 as some on Wall Street began to question the need to pull the trigger. ... Click here for the latest stock ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Capri wasn’t one of them. The 10 stocks that made the cut ...