After the Bell
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Jim Cramer's Daily Booyah
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Samsonite (SMSOF) said its shareholders have approved its proposed purchase of luxury luggage maker Tumi.
Tumi (TUMI) shareholders have backed a deal to be acquired by Samsonite (SMSOF).
Tumi stock is higher in pre-market trading on Friday after Samsonite (SMSEY) agreed to buy the luxury luggage company for $1.8 billion deal.
The Hong Kong-listed buyer will use the acquisition to enter the market for luxury bags.
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