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.
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For further details see:
What Next For Investors As Tapestry's Acquisition Of Capri Goes To Court