US regulators are moving to block fashion company Tapestry Inc.’s $8.5 billion planned takeover of Capri Holdings Ltd., the New York Times reported, citing people with knowledge of the matter.
FTC Preparing Objections to Tapestry Deal for Capri, NYT SaysSaudi’s Neom Hunts for More Cash for $1.
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Traders Fear Antitrust Risk in $8.5 Billion Deal Between Coach, Michael Kors OwnersTraders are growing increasingly skeptical that antitrust regulators will approve Tapestry Inc.’s pending $8.5 billion takeover of rival Capri Holdings Ltd. — even if Tapestry’s leadership is confident the deal will go through.
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MGM Resorts Sues FTC to Block Data Security ProbeMGM Resorts International has filed a lawsuit against the U.S. Federal Trade Commission (FTC) to prevent an investigation into the impact of a major hack on its data security. The casino operator argues that it is not subject to FTC rules governing consumer financial data as it is not a financial institution. The lawsuit also claims that FTC Commissioner Lina Khan, who was reportedly staying at an MGM hotel during the hack, should recuse herself due to personal involvement.
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Kroger-Albertsons Hearing Scheduled in Colorado Before Start of FTC CaseA Colorado court scheduled a preliminary injunction hearing on supermarket giant Kroger Co.’s proposed acquisition of rival Albertsons Cos. in mid-August, before a US government antitrust challenge to the deal.
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Qualcomm Ends Autotalks Deal Over Antitrust Concerns, FTC SaysQualcomm Inc. abandoned a deal to buy semiconductor firm Autotalks Ltd. after regulators expressed antitrust concerns, the US Federal Trade Commission said in a statement Monday.
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U.S. FTC investigating TikTokThe Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the company, according to a person familiar with the matter.
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Pfizer, Thermo Fisher Among 200 Companies Warned by FTC Over DealsThe US Federal Trade Commission warned hundreds of companies including Pfizer Inc., Baxter International Inc. and Thermo Fisher Scientific Inc. that it could challenge their acquisitions even after the deadline for the agency’s antitrust review had passed.
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