KEY TAKEAWAYS Capri Holdings shares are plummeting nearly 50% in premarket trading Friday after a federal judge blocked Coach owner Tapestry's $8.5 billion acquisition of the Versace and Michael Kors parent. Shares of Tapestry, which also owns the Kate Spade and Stuart Weitzman brands, are surging 15%. Southern District of New York judge Jennifer Rochon granted the FTC's motion for a preliminary injunction to block the proposed merger on the grounds that a combination would hurt competition and lead to high ...