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A U.S. judge has blocked Tapestry’s US$8.5 billion acquisition of rival group Capri Holdings, on the grounds that it would cause prices to rise.

J.P. Morgan analyst Matthew Boss maintained a Hold rating on Capri Holdings (CPRI – Research Report) yesterday and set a price target of $22.00. The company’s shares closed yesterday at $21.26.

“The blocking of Tapestry’s acquisition of Capri is absurd. It does not reflect the realities of the ... [+] market," said GlobalData's Neil Saunders. (Photo by Michael M. Santiago/Getty ...

Oct 25 (Reuters) - Capri shares (CPRI.N), opens new tab slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry <TPR.N>, hurting the ...

Capri shares plunge after antitrust enforcer gets deal frozen Tapestry said halt would kill union; FTC cited hit to rivalry Shares of Capri Holdings Ltd. plunged Friday morning after a federal judge ...

Capri Holdings shares plummeted 45% soon after the market opened Friday after a federal judge blocked Coach owner Tapestry's $8.5 billion acquisition of the Versace and Michael Kors parent.

Capri Holdings shares fell 48% after a judge blocked its acquisition by Tapestry, which plans to appeal the ruling. Wells Fargo lowered Capri's price target from $42 to $23, while Tapestry's ...

Tapestry shares surged 12% after a federal judge blocked its $8.5 billion acquisition of Capri Holdings, whose shares plummeted nearly 46%. The deal was value-destructive for Tapestry, with no ...

Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading today after a US judge blocked its pending $8.5 billion merger with handbag maker Tapestry. Tapestry agreed to buy Capri ...

Capri Holdings (CPRI), 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 ...

Capri has agreed to be sold to Tapestry for ... According to Bain and Morningstar estimates, Michael Kors’ share of the luxury leather goods market increased to 6% in 2016 from 2% in 2010.