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Market
Market response to FTC decision on Tapestry-Capri merger
5
FTC•Michael Kors•Capri Holdings•Coach•Tapestry•Japan•European Union•United States•New York Times•Capri
Resolution / Starting Odds
Stocks of both companies rise • 25%
Stocks of both companies fall • 25%
Mixed response (one rises, one falls) • 25%
No significant change in stock prices • 25%
Stock market analysis and reports
Story
FTC to Sue to Block Coach Owner Tapestry's $8.5 Billion Takeover of Michael Kors Owner Capri
Apr 17, 2024, 11:55 AM
The U.S. Federal Trade Commission (FTC) is preparing to file a lawsuit to block the proposed $8.5 billion acquisition of Michael Kors owner Capri Holdings by Coach owner Tapestry. This move comes despite the merger receiving approval from antitrust regulators in Japan and the European Union. The only remaining hurdle is approval from the United States. The FTC's concerns reportedly focus on the close competition between the two luxury handbag makers, as well as labor concerns. The New York Times has reported that the FTC is likely to sue to prevent the deal, which has led to a 2.4% decline in Capri's stock prices.
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Significant drop in Capri Holdings stock • 25%
Significant drop in Tapestry Inc. stock • 25%
Increase in both stocks • 25%
Minimal impact on both stocks • 25%
Market Share Increase for Combined Entity • 25%
Market Share Decrease for Combined Entity • 25%
No Significant Change in Market Share • 25%
Other Competitors Gain Market Share • 25%
FTC wins • 33%
Merger proceeds with conditions • 33%
Merger proceeds without conditions • 34%
FTC blocks the merger • 33%
Merger proceeds with conditions • 34%
Merger proceeds without conditions • 33%
Merger Blocked Permanently • 33%
Merger Allowed with Conditions • 33%
Merger Allowed without Conditions • 33%
Expansion of product lines • 25%
Restructuring of existing brands • 25%
Acquisitions of other companies • 25%
Sale of existing brands • 25%
Positive reaction • 33%
Negative reaction • 33%
Neutral reaction • 34%
Stock price increases • 33%
Stock price decreases • 33%
No significant change in stock price • 34%
Significant increase in Alphabet's stock price • 33%
Little to no change in Alphabet's stock price • 33%
Decrease in Alphabet's stock price • 33%
Lawsuit successful • 50%
Lawsuit unsuccessful • 50%