USA: Berkshire, Fruit Of The Loom Deal Gets Go-Ahead
After a 27 months in Chapter 11, bankrupt apparel maker Fruit of the Loom Inc is to be finally sold to Warren Buffett's Berkshire Hathaway Inc for at least $835 million in cash. The deal was finally approved by Judge Peter Walsh in the US Bankruptcy Court in Wilmington, Delaware on Friday, and should be closed in about 10 days.
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