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Wednesday, December 11, 2013

Takeover Digest- New York Times business news - Dec 11, (NYSE: FNP)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Mid- to high-end fashion brands are finding themselves as acquisition targets. In the latest deal, private equity firm Leonard Green & Partners agreed on Tuesday to purchase Lucky Brand Jeans from the Fifth & Pacific Companies, the clothier formerly known as Liz Claiborne, for about $225 million. ()* The United States and 11 other Pacific Rim nations said they would not complete a sweeping deal to reduce trade barriers by their own end-of-year deadline. ()

Fifth & Pacific Companies Inc, formerly Liz Claiborne Inc. Shares of FNP fell by 0.63% or $-0.21/share to $32.91. In the past year, the shares have traded as low as $11.91 and as high as $34.41. On average, 1249550 shares of FNP exchange hands on a given day and today's volume is recorded at 1682843.



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