Burlington Industries.

PositionTriad - Berkshire Hathaway Inc. - W.L. Ross & Co. - Brief Article

First, New York financier Wilbur Ross derailed a bid by rival Warren Buffet's company, Berkshire Hathaway, to buy Greensboro-based textile giant Burlington Industries in February. Then his company, WL Ross & Co., won Burlington managements approval to buy the company for $608 million. Then, in late July, it beat back upset bids with a $620 million offer, which included a $6 million breakup fee. That was disallowed by a bankruptcy court judge, so Ross and...

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