Capri Holdings discloses additional merger lawsuits and supplemental proxy disclosures

Capri Holdings Ltd

Four additional shareholder lawsuits filed in Sept-Oct 2023 alleging misleading proxy statements in $8.5B Tapestry merger.
Capri denies allegations but voluntarily supplements Definitive Proxy Statement with added Merger background details.
Supplemental disclosures include further board consideration of strategic alternatives, including Versace/Jimmy Choo IPO.
Barclays' DCF valuation assumptions added: discount rate 11.75%-13.75%, terminal growth 2.0%, net debt $1.699B as of July 1, 2023.
Projections table updated: FY2024E revenue revised down to $5.523B from $5.800B, reflecting changed expectations.

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