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Kate Spade Stock Is Surging Amid Takeover Rumors

The brand reported fourth-quarter earnings a week earlier than scheduled.

Kate Spade (KATE) stock was surging almost 10% to $21.57 during Thursday morning trading, after confirming that it will review strategic alternatives amid reports that it's a takeover target. Both Coach (COH) and Michael Kors (KORS) are reportedly interested in purchasing the brand. 

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