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Capri, Tapestry, Disney

Source: cnbc.com cnbc.com
News Snapshot:

A shopper looking at Michael Kors handbags in the Macy's flagship store in New York. Check out the companies making headlines before the bell. Capri , Tapestry — Capri soared more than 57%, while Tapestry slid 3.2% in premarket trading. The moves come after luxury company Tapestry, which is behind the brands Coach and Kate Spade, announced Thursday it would acquire Capri Holdings in a roughly $8.5 billion deal. Capri owns the Versace, Jimmy Choo and Michael Kors brands. AppLovin — AppLovin shares popped 25.8% in early morning trading after the company posted strong second-quarter results and optimistic third-quarter revenue…

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