Clothing maker Phillips-Van Heusen Corp. said Monday it has agreed to buy privately held Tommy Hilfiger in a cash-and-stock deal valued at about $3 billion, creating one of the world’s biggest clothing companies. Shares of Phillips-Van Heusen, a New York…

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Phillips-Van HeusenTommy HilfigerBusinessApax PartnersCalvin Klein

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Phillips-Van Heusen to buy Tommy Hilfiger for $3B