By  on March 30, 2012

Shares of Liz Claiborne Inc. rose 15.5 percent in mid-day trading today to $13.67 on speculation that the company is seeking $20 a share in a buyout with a private equity firm — reports the company denied.

A Liz Claiborne spokeswoman said, “Our general policy is to not respond to rumors about our company.That said, in response to media reports today, there is currently no contemplation of any strategy for the company other than executing against the operating plan we have already discussed.”

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