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Abercrombie & Fitch reportedly in talks with Express, American Eagle over merger; Shares jump

Reports of a potential takeover sent shares of Abercrombie & Fitch skyrocketing Wednesday, as more rumors surfaced about who those bidders could be.

The struggling apparel retailer is reportedly in merger talks with at least two interested buyers, which could include its rivals Express and American Eagle Outfitters, people familiar with the discussions told the Wall Street Journal.

Express is interested in either a merger of equals or a stock-and-cash takeover of the company, one...