Capri Holdings (NYSE:CPRI) advanced 4% on the last day of the Federal Trade Commission's trial to block Tapestry's (TPR) planned $8.5 billion deal before closing arguments later this month. An economist testifying for Capri (CPRI) and Tapestry (TPR) appeared to strike several blows against the FTC's case and against its economist,

A hearing in Manhattan federal court dug into the analysis underpinning the government’s case against the $8.5 billion acquisition.

The agency opposed the luxury merger of Coach parent Tapestry, which seeks to buy Michael Kors owner Capri in an $8.5 billion deal.

Capri Holdings offers a 64% potential return, with the current stock price under $35 and a deal price of $57. Read more about CPRI stock here.

The U.S. Federal Trade Commission will urge a federal judge in New York to block Tapestry's $8.5 billion merger with rival handbag maker Capri Holdings at a trial beginning on Monday, arguing it will eliminate fierce competition in the market for "accessible luxury.