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BRIEF-Tapestry Announces Termination Of Merger Agreement With Capri Holdings
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BRIEF-Tapestry Announces Termination Of Merger Agreement With Capri Holdings
Nov 14, 2024 5:32 AM

Nov 14 (Reuters) - Tapestry Inc ( TPR ):

* TAPESTRY, INC. ( TPR ) ANNOUNCES TERMINATION OF MERGER AGREEMENT

WITH

CAPRI HOLDINGS LIMITED

* TAPESTRY INC ( TPR ) - ANNOUNCES $2 BILLION SHARE REPURCHASE

AUTHORIZATION

* TAPESTRY INC ( TPR ) - REPURCHASES TO BE FUNDED BY CASH AND FUTURE

DEBT

ISSUANCE

* TAPESTRY INC ( TPR ) - TO REIMBURSE CAPRI $45 MILLION IN EXPENSES

* TAPESTRY INC ( TPR ) - TO REDEEM $6.1 BILLION SENIOR NOTES

* TAPESTRY INC ( TPR ): IN FISCAL 2025 EXPECTS TO MAINTAIN ITS

ANNUAL

DIVIDEND RATE OF $1.40 PER COMMON SHARE

* TAPESTRY INC ( TPR ) - REAFFIRMING ITS FISCAL 2025 OUTLOOK AS

ISSUED ON

NOVEMBER 7, 2024.

* TAPESTRY INC ( TPR ): DOES NOT EXPECT ANY ACQUISITIONS IN

NEAR-TERM

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