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Tapestry-Capri judge cites US merger guidelines while avoiding theory of harm

By Flavia Fortes ( November 9, 2024, 00:45 GMT | Comment) -- The federal judge that ruled on Tapestry’s proposed acquisition of Capri didn’t decide on whether the US Federal Trade Commission had proven its prima facie case that the deal would eliminate head-to-head competition between the handbag makers. District court judge Jennifer Rochon steered clear of a new theory of harm described in new US merger guidelines, but nonetheless cited the guidance.The federal judge that ruled on Tapestry’s proposed acquisition of Capri didn’t decide on whether the US Federal Trade Commission had proven its prima facie case that the deal would eliminate head-to-head competition between the handbag makers....

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