The mega deal is set to be completed next year and gives Capri an enterprise value of $8.5 billion.
That puts the mega deal one big step closer to completion, with the final closing date expected to come in 2024. and Jimmy Choo, a valuation of $8.5 billion, including the company’s debt and shares, which are being bought for $57 each.
John Idol, chairman and chief executive officer of Capri, called the virtual shareholder meeting to order at noon on the dot, laid out the agenda and named a secretary and an inspector for the meeting. Regulators have to also weigh in with antitrust approvals before Tapestry, which already includes Coach, Kate Spade and Stuart Weitzman, can take its big leap ahead.
While shares of Capri closed $5.75 below the deal price on Wednesday — allowing for some kind of last-minute hiccup — Tapestry’s stock has trended downward as the company prepares to take on the challenges and risks of a mammoth integration.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AstraZeneca asks FDA to sign off on self-administered flu vaccineGabrielle M. Etzel is the healthcare policy reporter for the Washington Examiner. Prior to joining the Washington Examiner, she served as a staff reporter at Campus Reform and as a freelance writer.
Read more »
Supes wants mayor to cosign MTA fare increasesSupervisor wants mayor to sign off on fare, parking meter increases
Read more »
Off-duty pilot who tried to shut off plane engines mid-flight took psychedelic mushroomsThe off-duty pilot facing 83 attempted murder charges after he allegedly tried to shut off the engines of a plane mid-flight on Sunday night admitted to taking
Read more »
Passengers recount moments after off-duty pilot tried shutting off engines on flightA flight from Everett to San Francisco was diverted when an off-duty Alaska Airlines pilot attempted to shut down the passenger jet's engines in the cockpit.
Read more »
Docs: Off-duty Alaska Airlines pilot used psychedelic mushrooms before trying to shut off plane enginesNew documents shed additional light on the state of mind of an off-duty Alaska Airlines pilot that attempted to turn off a plane’s engines mid-flight, causing a flight of people from Everett, Washington to make an emergency landing in Portland.
Read more »
Docs: Off-duty Alaska Airlines pilot used psychedelic mushrooms before trying to shut off plane enginesNew documents shed additional light on the state of mind of an off-duty Alaska Airlines pilot that attempted to tun off a plane’s engines mid-flight, causing a flight of people from Everett, Washington to make an emergency landing in Portland.
Read more »