Added to YB: 2023-12-13
Pitch date: 2023-12-07
CPRI [bullish]
Capri Holdings Limited
-45.97%
current return
Author Info
Company Info
Capri Holdings Limited engages in the design, marketing, distribution, and retail of branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, Asia, and the Oceania.
Market Cap
$2.6B
Pitch Price
$48.18
Price Target
57.00 (+119%)
Dividend
N/A
EV/EBITDA
6.63
P/E
-2.14
EV/Sales
1.22
Sector
Textiles, Apparel and Luxury Goods
Category
special_situation
M&A Arb Update: Tapestry Acquiring Capri
$TPR offers $57/sh for $CPRI, $8.5B deal. Mkt prices 62% odds on regulator fears but precedent + strategic rationale suggest lower risk. $12B sales, $2B profit + $200M synergies to help delever. Slowing growth + global push drive deal.
Read full article (6 min)