Capri Holdings Limited (CPRI) shares are up 5.51% to $21.61 as of 10:30 am on Monday, compared to its previous close of $20.48 on November 22nd. The stock's rise comes after the announcement that Capri and Tapestry have mutually agreed to terminate their $8.5 billion merger agreement due to legal uncertainties. This decision has led to a reassessment of Capri's standalone prospects, with analysts downgrading its outlook while remaining optimistic about Tapestry's growth potential. The termination of the merger has prompted Tapestry to redeem $6.1 billion in notes and focus on maintaining dividends and pursuing a share repurchase program.