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Capri Stock Jumps on Potential Versace Sale to Prada: Report
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Shares of Capri were 7.5% higher at $23.58 in morning trading. Prada shares, which are listed on the Hong Kong stock exchange, rose 3.5%. Prada has agreed to pay Capri as much as €1.5 billion, or $1.6 billion, to acquire Italian-founded Versace, Bloomberg reported Sunday, citing people familiar with the matter.
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