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Stock of Michael Kors owner Capri dives 45% after judge blocks merger with Tapestry
News
Stock of Michael Kors owner Capri dives 45% after judge blocks merger with Tapestry
October 25, 2024
Arthur Bleemer
A federal judge on Thursday blocked Tapestry Inc.’s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.
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