PVH To Buy Warnaco For $2.9 Billion
PVH Corp. (NYSE: PVH) will acquire Warnaco Group Inc. (NYSE: WRC) in a cash and stock deal valued at approximately $2.9 billion. Shares of PVH leaped $13.74 to $105.24 while Warnaco stock jumped $18.85 to $69.73.
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