FTC issues Second Request on Tapestry-Capri merger; parties still expect 2024 close

Capri Holdings Ltd

Capri and Tapestry received a Second Request from the FTC on Nov 3, 2023, extending HSR waiting period.
Waiting period now expires 30 days after substantial compliance with the Second Request.
Both companies will promptly respond and continue cooperating with the FTC.
Capri expects transaction completion in calendar 2024, subject to HSR and other conditions.

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