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CPRI - What Next For Investors As Tapestry's Acquisition Of Capri Goes To Court
Capri Holdings Limited
2024-04-24 22:45:31 ET
Summary
Tapestry's acquisition of Capri Holdings is facing potential legal challenges from the Federal Trade Commission (FTC).
The FTC argues that, among other things, the acquisition would create a dominant player in the "accessible luxury" handbag market and could negatively impact employees.
I estimate trial proceedings may conclude between July and December 2024, with a 60% chance that the deal will proceed. Creating an estimated +22% expected return after discounting.