Tapestry and Capri Scrap Merger Plans. The Stocks Are Headed in Different Directions.
Tapestry and Capri Holdings scrapped their merger plans a few weeks after the Federal Trade Commission sued to block the deal. Tapestry shares gained 8.3% in early trading, while Capri fell 6%. Tapestry will reimburse the $45 million Capri spent on the transaction. Continue reading View comments