Stock_Titan Posted - 2 days ago

$TPR Tapestry, Inc. to Host FY24 Third Quarter Earnings Call https://www.stocktitan.net/news/TPR/tapestry-inc-to-host-fy24-third-quarter-earnings-e3y6465pfwnr.html

DonCorleone77 Posted - 3 days ago

$CPRI $TPR Bloomberg survey shows Capri could fall to low $20s if buyout fails Capri Holdings (CPRI) shares could fall to the low-to-mid $20s if Tapestry's (TPR) $57 per share takeover is successfully blocked by the Federal Trade Commission, Yiqin Shen of Bloomberg reports, citing a survey of 20 merger-arbitrage specialists. The survey, conducted on Tuesday, focuses on merger-arbitrage estimates on the Capri's downside price - a level that reflects the stock's fundamental value by the end of 2024, when the outcome of the FTC's challenge is expected to be either upheld or overturned in court, Shen notes. Shares of Capri Holdings are down nearly 4% in midday trading.

Boniato Posted - 4 days ago

@nikerun2121 $TPR $CPRI Come on. Vietnam sweatshop Weitzman sneaker 400.00 at $JWN Jimmy Choo $ 900.00 Macys lists 131 Kate Spade bags out of how many items? The Bimbos overpaying because of lack of competition need protection? ROTFL You are getting butt reamed by illegals and H1B Visa workers derpressing your wages so the borders are open! The corrupt democrat machine did not get their bribe and stockholders got butt reamed as a result. This is a third world craphole now.

gaineous Posted - 4 days ago

$CPRI $TPR I hate to say it but after a prelim. reading of the FTC’s claim, they have a good argument. The 33K employed number will be hard to maneuver around as they will argue risk of unemployment due to inevitable downsizing post merger. That makes for a difficult counter-claim. Wouldn’t be surprised if CPRI gets trimmed another 10% before it’s all said and done. If so I’ll look to start a position in CPRI then.

CTFNLighthouse Posted - 4 days ago

$CPRI $TPR The FTC sued to block Tapestry’s proposed $8.5 billion acquisition of Capri. The agency determined that the deal would eliminate direct competition between the two companies’ brands and would give Tapestry a dominant share of the “accessible luxury” handbag market. The commission voted unanimously on the matter. Tapestry stated, “We have strong legal arguments in defense of this transaction and look forward to presenting them in court and working expeditiously to close the transaction in calendar year 2024.”

gaineous Posted - 4 days ago

$TPR Really disappointed in this one right now. Sold + 12% (was 30+), bought ITM Leap calls, and will use net cash ( shares - calls) to increase position and to buy/enter $CPRI I love clearance sales on value stocks.

OpenOutcrier Posted - 4 days ago

$CPRI (+0.3% pre) Capri Holdings Limited Issues Statement on FTC Action Seeking to Block Proposed Transaction with Tapestry, Inc. $TPR (2/2) https://ooc.bz/l/31033

OpenOutcrier Posted - 4 days ago

$CPRI (+0.3% pre) FTC sues to block Coach parent $TPR Tapestry’s acquisition of Capri Holdings - CNBC (1/2) https://www.cnbc.com/2024/04/22/ftc-sues-to-block-tapestry-acquisition-of-capri-holdings.html

lillaccio Posted - 5 days ago

$CPRI $TPR Found this interesting statement in the article you shared Two and a half years into Khan’s tenure, the FTC has lost every single merger challenge it has brought through litigation across both federal and administrative court without even a single win in litigation in cases as varied as Microsoft’s acquisition of Activision Blizzard, Meta’s acquisition of Within, and Illumina’s acquisition of Grail, to name just a few.

W_S_Thoughts Posted - 5 days ago

$CPRI $TPR “A zero-win track record on M&As Two and a half years into Khan's tenure, the FTC has lost every single merger challenge it has brought through litigation across both federal and administrative court without even a single win in litigation in cases as varied as Microsoft's acquisition of Activision Blizzard, Meta's acquisition of Within, and and Illumina’s acquisition of Grail, to name just a few.” https://insights.som.yale.edu/insights/the-ftcs-antitrust-overreach-is-hurting-us-competitiveness-and-destroying-value

tradethehalt Posted - 5 days ago

$CPRI $TPR FTC sues to block Tapestry's acquisition of Capri Holdings, $8.5B merger in jeopardy https://www.marketwatch.com/story/ftc-sues-to-block-tapestrys-acquisition-of-capri-51697fbb

appy17 Posted - 5 days ago

$CPRI No more $57 🤣🤣🤣🤣 $TPR

wallstengine Posted - 5 days ago

The U.S. FTC is SUING to block Tapestry's $8.5 billion acquisition of Capri Holdings, the owner of Michael Kors. The FTC argues that the merger could eliminate significant competition between the brands and dominate the 'accessible luxury' handbag market $TPR and $CPRI defend the deal, stating it is "pro-competitive" and won't limit competition. Tapestry: 'The FTC fundamentally MISUNDERSTANDS both the marketplace and the way in which consumers shop.' 'We have strong legal arguments in defense of this transaction and look forward to presenting them in court and working expeditiously to close the transaction in calendar year 2024.' Despite the FTC's objections, the merger has received regulatory approvals from the European Union and Japan, and would bring together luxury brands like Kate Spade and Jimmy Choo. However, the FTC also raises concerns that the merger could negatively affect competition for employees, impacting wages and benefits.

DonCorleone77 Posted - 5 days ago

$CPRI $TPR Capri 'strongly disagrees' with FTC's decision to block Tapestry deal Capri Holdings (CPRI) issued the following statement in response to the U.S. Federal Trade Commission's unprecedented challenge to the proposed acquisition of Capri by Tapestry (TPR): "Capri Holdings strongly disagrees with the FTC's decision. The market realities, which the government's challenge ignores, overwhelmingly demonstrate that this transaction will not limit, reduce, or constrain competition. Tapestry and Capri operate in the fiercely competitive and highly fragmented global luxury industry. Consumers have hundreds of handbag choices at every price point across all channels, and barriers to entry are low. Capri intends to vigorously defend this case in court alongside Tapestry and complete the pending acquisition. The U.S. FTC is the only regulator that did not approve this transaction, which received required approvals from all other jurisdictions. We remain confident in this combination and the value it will bring to all stakeholders."

Okiedokie Posted - 5 days ago

$TPR $CPRI "We have full confidence in the merits and pro-competitive nature of this transaction. It will bring significant benefits to the combined company’s customers, employees, partners, and shareholders in the U.S. and around the world. We have strong legal arguments in defense of this transaction and look forward to presenting them in court and working expeditiously to close the transaction in calendar year 2024.” Really happy to see that bunch of dipsheets at the FTC are being taken to court and that Tapestry is fighting this!

Stock_Titan Posted - 5 days ago

$CPRI $TPR Capri Holdings Limited Issues Statement on FTC Action Seeking to Block Proposed Transaction with Tapestry, Inc. https://www.stocktitan.net/news/CPRI/capri-holdings-limited-issues-statement-on-ftc-action-seeking-to-rud38hbtyg9g.html

DonCorleone77 Posted - 5 days ago

$TPR $CPRI Tapestry responds to FTC's lawsuit to block proposed acquisition of Capri Tapestry (TPR) issued the following statement in response to the Federal Trade Commission's attempt to block its proposed acquisition of Capri Holdings (CPRI). "There is no question that this is a pro-competitive, pro-consumer deal and that the FTC fundamentally misunderstands both the marketplace and the way in which consumers shop. Tapestry and Capri operate in an intensely competitive and highly fragmented industry alongside hundreds of rival brands, including both established players and new entrants. We also compete for consumers who are cross-shopping a wide range of channels and brands along a vast pricing spectrum when considering what to purchase. The reality is that consumers have a host of choices when shopping for luxury handbags and accessories, footwear, and apparel, and they are exercising them. The bottom line is that Tapestry and Capri face competitive pressures from both lower- and higher-priced products. In bringing this case, the FTC has chosen to ignore the reality of today's dynamic and expanding $200 billion global luxury industry. This transaction will unite six brands that offer products across a wide range of categories. With Capri, Tapestry will gain access to a broader set of global luxury consumers and geographies and will drive sustainable, healthy growth for Capri's iconic brands, building desire and engagement with consumers globally. Tapestry has a strong record of not only innovating for consumers but also providing industry-leading wages and benefits for our employees. The combined company will continue to set the bar for both consumer and employee experiences. We have full confidence in the merits and pro-competitive nature of this transaction. It will bring significant benefits to the combined company's customers, employees, partners, and shareholders in the U.S. and around the world. We have strong legal arguments in defense of this transaction and look forward to presenting them in court and working expeditiously to close the transaction in calendar year 2024."

DonCorleone77 Posted - 5 days ago

$CPRI $TPR FTC seeks to block $8.5B Tapestry-Capri merger, Bloomberg reports

Stock_Titan Posted - 5 days ago

$TPR $CPRI Tapestry, Inc. Responds to the FTC’s Lawsuit https://www.stocktitan.net/news/TPR/tapestry-inc-responds-to-the-ftc-s-cmq0pduwtude.html

zeb241 Posted - 1 week ago

@RedBear which announcement? At this price if they block who cares its basically back to intrinsic value. But I think $TPR can fight and win case. This is just a delaying tactic by the FTC. It’s ridiculous.

Capitalism_daddy Posted - 1 week ago

$CPRI $TPR How would there be a near monopoly on outlet mall bags 😂

Ro_Patel Posted - 1 week ago

NYT: FTC is preparing to block $8.5B takeover of $CPRI by $TPR FTC's 5 commissioners are expected to meet this week to discuss the case, a move that could precede a formal vote on whether to file a lawsuit The deal, which would bring together top luxury labels such as Tapestry's Kate Spade & Stuart Weitzman and Capri's Jimmy Choo & Versace, received regulatory clearance from the EU & Japan Global Data: Combined companies would be the fourth-largest luxury company in the world and second-largest in the Americas after LVMH. ---- Ridiculous - frivolous lawsuit - is this the most pressing issue at the FTC???

MaverikIT Posted - 1 week ago

@DonCorleone77 @net0trader @IsabellaDC @Im_not_Mr_Lebowski @Wigglyick @RonIsWrong @Cash4freedom $TPR $CPRI - damn bag$ $HESAY $LMVUY

Street_Insider Posted - 1 week ago

Capri stock falls as NYT reports the FTC is preparing to block takeover by Tapestry https://www.streetinsider.com/Hot+List/Capri+stock+falls+as+NYT+reports+the+FTC+is+preparing+to+block+takeover+by+Tapestry+%28TPR%29+/23076694.html $TPR $CPRI

OpinicusTrades Posted - 1 week ago

5 stocks to watch today: $ABT $TRV $CPRI $TPR $LLY

Cypherd Posted - 1 week ago

@evolite FTC is purposely leaking these rumors in an attempt to force concessions out of $TPR. TPR CEO already stated this week they see no reason to concede. The rumors will continue to swirl until Monday's vote on this matter. Dirty tactics by the FTC out of desperation now that every other jurisdiction has approved the buyout.

OpenOutcrier Posted - 1 week ago

$CPRI (-2.4% pre) US FTC preparing to sue to block $8.5 bln takeover of Capri by $TPR Tapestry, NYT Dealbook reports https://ooc.bz/l/30532

DonCorleone77 Posted - 1 week ago

$TPR $CPRI FTC prepares suit to block Tapestry's $8.5B takeover of Capri, NY Times reports The FTC is preparing to sue to block Tapestry's (TPR) $8.5B takeover of Capri Holdings (CPRI), The New York Times' Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni report. According to people two people familiar with the matter, FTC commissioners will meet this week to discuss the case, which could precede a formal vote on whether to file a lawsuit.

wallstengine Posted - 1 week ago

$CPRI $TPR | The U.S. Federal Trade Commission is preparing to "BLOCK" Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings. Source: NYT Dealbook

OpenOutcrier Posted - 1 week ago

RECAP 4/16 Chatter: $KMX + Activist $NKE + Adidas Sympathy $TPR - LVMH Sympathy $ENV + Exploring Sale $BA - Whistleblower Live Breaking trading news www.openoutcrier.com