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Non-Tech : FTL- Fruit of the Loom
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To: Arthur Tang who wrote (110)8/10/2001 12:44:05 PM
From: Clement   of 161
 
And then there were two - Arthur, it gets worse (dated yesterday):

[...]
Sources close to the auction process said the first-round bids by both groups are in the $650 million to $800 million range. Based on Schwartz's figure, the suitors are offering between a four and five times Ebitda multiple. (Senior creditors, owed $1.2 billion, will likely take a haircut on such a deal.)

Article in the Deal:
thedeal.com
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