Heard on the Street: Coach Owner’s Next Best Acquisition Plan—Its Own Shares

Coach owner Tapestry might just have to say “thank you, next” to Michael Kors owner Capri. A judge blocked Tapestry’s proposed $8.5 billion acquisition of Capri about two weeks ago, siding with the Federal Trade Commission. Tapestry’s shares tanked when it unveiled the Capri deal last year.

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Yahoo! Finance: CPRI News