Capri Holdings Limited (CPRI) shares are experiencing a decline today amid regulatory scrutiny surrounding its proposed acquisition by Tapestry, Inc. The Federal Trade Commission (FTC) has issued a statement on December 5, 2024, indicating ongoing investigations into the merger between Tapestry and Capri Holdings. This regulatory attention has raised concerns among investors about potential delays or complications in the completion of the deal, which was initially valued at $57.00 per share in cash.
The current price of Capri Holdings Limited (CPRI) is $22.24, reflecting a decrease of 3.36% from its previous close of $23.01.