USA: Berkshire Hathaway Completes Fruit Of Loom Deal
Bankrupt apparel manufacturer Fruit of the Loom Inc was on Tuesday finally sold to Warren Buffett's Berkshire Hathaway Inc for at least $835 million in cash. Berkshire said it had purchased substantially all of Fruit of the Loom Ltd's business operations and that its acquisition completes the firm's emergence from Chapter 11.