The Betaville website is out with a new M&A tip that has traders scrambling.
Ben Harrington says PVH Corp (NYSE:PVH) is considering making a run at Michael Kors (NYSE:KORS). It wouldn’t be the easiest of deals considering that KORS actually has a slightly higher market cap (PVH has the higher enterprise value).
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Shares of Michael Kors are 8% higher over the last three weeks amid some lingering M&A intrigue.
Fuente: Seeking Alpha
