| Deal Structure and Party Summary | ||
|---|---|---|
| Deal Structure | Public Target Merger | |
| Acquirer | Tapestry, Inc. | |
| Public | Yes | |
| Industry | Industrials (machinery, manufacturing, construction, auto) | |
| Private equity sponsorship | No | |
| Target | Capri Holdings Limited | |
| Public | Yes | |
| Industry | Industrials (machinery, manufacturing, construction, auto) | |
| Private equity sponsorship(s) | No | |
| Key Transaction Characteristics and Terms | ||
|---|---|---|
| Status | Pending | |
| Announcement date | August 10, 2023 | |
| Transaction value | $8.5 billion | |
| Form of consideration | Cash | |
| Type of merger | Reverse Triangular | |
| Tender offer | No | |
| Go-Shop/No-Shop Terms | ||
|---|---|---|
| No-Shop Provision | Yes | |
| Go-shop Provision | No | |
| Transaction Advisors | ||
|---|---|---|
| Seller / Target Counsel | ||
| Law firm #1 | Wachtell, Lipton, Rosen & Katz | |
| Individual attorney(s) |
Joshua R. Cammaker; Mark A. Stagliano |
|
| Acquirer Counsel | ||
| Law firm #1 | Latham & Watkins LLP | |
| Individual attorney(s) |
Charles Ruck; Josh Dubofsky; Leah Sauter |
|
| Seller / Target Financial Advisors | ||
| Financial advisor #1 | Barclays Capital Inc. | |
| Acquirer Financial Advisors | ||
| Financial advisor #1 | Morgan Stanley & Co., LLC | |
Agreement and Plan of Merger (Access the original source document)
08/10/2023
Agreement and Plan of Merger