Capri Holdings Still A Buy While Navigating EU Merger Control [Seeking Alpha]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Seeking Alpha
With a firm $57 per share offer on the table, we see an attractive upside due to antitrust reviews and low risk. We see a higher probability of approval in Europe by mid-April, but August an option due to competition between Michael Kors, Coach, and Kate Spade. No concerns in luxury women's footwear (Jimmy Choo and Stuart Weitzman), but the affordable luxury market is more relevant to the European Commission. On 10th Aug 2023, Tapestry, Inc. ( TPR ) and Capri Holdings Limited ( NYSE: CPRI ) announced that they had reached a definitive agreement under which Tapestry would acquire Capri , providing Capri shareholders with $57 per share, a 65% premium to the prior closing at the time, and valuing the company at $8.5bn on an enterprise value basis. The transaction, although not subject to financing conditions, is subject to customary closing conditions, including the receipt of antitrust approvals from the Federal Trade Commission (FTC) in the US and the EU Commission (EC) in Eur
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CPRI
News
- Met Gala themes through the years: A list of past Costume Institute exhibitions and dress codes for celebrity guests [Business Insider]Business Insider
- Must Read: Is the Dream of 'an American LVMH' over?, How One Family Built a Legacy in the Black Hair-Care Industry [Yahoo! Finance]Yahoo! Finance
- Ricky Martin to headline LA Pride in the Park festival [Los Angeles Times (CA)]Los Angeles Times
- Is Capri Holdings Limited (NYSE:CPRI) Trading At A 41% Discount? [Yahoo! Finance]Yahoo! Finance
- What Next For Investors As Tapestry's Acquisition Of Capri Goes To Court [Seeking Alpha]Seeking Alpha
CPRI
Earnings
- 2/8/24 - Miss
CPRI
Sec Filings
- 4/22/24 - Form 8-K
- 4/15/24 - Form 8-K
- 2/13/24 - Form SC
- CPRI's page on the SEC website