Why Michael Kors Parent Capri’s Shares Are Shooting Higher Today

Michael Kors, Jimmy Choo and Versace owner Capri Holdings Ltd‘s (NYSE: CPRI) shares are jumping Thursday morning as it is reportedly in talks to be acquired by Coach owner Tapestry Inc (NYSE: TPR).

The deal, which has been under discussion for months, could be announced as soon as Thursday, the WSJ 

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