Tapestry Stock Rallies After Capri Deal Is Halted

A judge stopped Tapestry closing its takeover of rival Capri, dealing a blow to their ambitions to create a house of brands that would include Coach, Michael Kors, Versace and Jimmy Choo. Capri shares (CPRI) slumped more than 40% after the market open, while Tapestry’s stock (TPR) rallied.

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Yahoo! Finance: CPRI News

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