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Warnaco Group Shareholders Challenge $2.9B Buyout Bid

By Jake Simpson (November 14, 2012, 7:23 PM EST) -- A shareholder of fashion house The Warnaco Group Inc. filed a putative securities class action against the company and its board of directors in New York state court Wednesday, claiming its proposed $2.9 billion buyout by competitor PVH Corp. undervalued the company....

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