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Non-Tech : FTL- Fruit of the Loom -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (149)	8/28/2001 5:50:55 PM
From: Clement	Respond to of 161

(Somewhat OT) Arthur: > You are so stupid that you start a personal attack, no > one will let you get away with your stupidity. Materially all of your posts have references to my being stupid, foolish or what have you. Who is making the personal attack? I did not personally attack you -- I pointed out that your statements were completely erroneous and yes, stupid (there is a difference). The fact that your arguments are so weak that you have to resort to personal attacks is telling in itself. I have merely questioned you on various threads as to your absurd arguments based on a dated management theory. You have repeatedly refused to acknowledge that there has been any new knowledge developed since the 1920s and are completely ignorant of the most academically recognized management thinkers and researchers today and yet you represent yourself to be an expert on the subject. You sir are a fraud. As to your statement that "no one" will let me get away with my stupidity -- who else is there? You are childish and immature and should recognize that you speak for no one but yourself. Once again, you refuse to answer the challenge to the application of your theory that bikinis can save Fruit of the Loom. Please refer back to my argument as to the reasons why. Clement

To: Arthur Tang who wrote (149)	11/2/2001 9:45:06 AM
From: Clement	Read Replies (1) \| Respond to of 161

FTL being acquired by Berkshire The acquisition does not involve current shareholders of FTLAQ.OB Thursday November 1, 7:41 pm Eastern Time Press Release SOURCE: Fruit of the Loom, Ltd. and Berkshire Hathaway Inc. Berkshire Hathaway to Acquire Fruit of the Loom's Apparel Business CHICAGO and OMAHA, Neb., Nov. 1 /PRNewswire/ -- Fruit of the Loom, Ltd. (OTC Bulletin Board: FTLAQ - news), Fruit of the Loom, Inc. (collectively the ``Company'') and Berkshire Hathaway Inc. (BRK.A, BRK.B) announced that they and certain of their respective subsidiaries have executed a definitive agreement today (the ``Purchase Agreement'') for New FOL Inc., a Berkshire subsidiary, to acquire substantially all of the Company's basic apparel business operations at a purchase price of $835 million in cash, subject to adjustments. The purchase price is subject to significant reduction for certain liabilities as well as adjustment upward or downward depending on working capital levels. New FOL will assume the ordinary course post-petition liabilities and certain specified pre-petition liabilities of the business. Warren E. Buffett, Chairman of Berkshire Hathaway, said, ``We've agreed to buy Fruit of the Loom for two major reasons: the strength of the brand and the managerial talent of John Holland.'' John B. Holland, Chief Operating Officer of Fruit of the Loom, said, ``Fruit is excited to become part of the Berkshire Hathaway family of companies. Berkshire's acquisition will complete the Company's tremendous operational turnaround and pave the way for emergence from Chapter 11.'' The Company is currently operating as a debtor-in-possession pursuant to its Chapter 11 bankruptcy filing currently pending before the United States Bankruptcy Court for the District of Delaware (the ``Bankruptcy Court''). As contemplated by the Purchase Agreement, the Company will seek approval of the Bankruptcy Court to conduct an auction whereby higher and better offers to purchase the business may be considered. The closing under the Purchase Agreement will be effectuated pursuant to an amendment to, and confirmation of, the Company's Joint Plan of Reorganization and is subject to completion of the auction, and other conditions set forth in the Purchase Agreement. The proceeds from the sale will be distributed to creditors pursuant to the Company's plan of reorganization and under the oversight and procedures of the Bankruptcy Court. The Company's decision to enter into the Purchase Agreement is supported by the Unofficial Secured Bank Steering Committee, the Steering Committee of the Informal Committee of Senior Secured Noteholders, and the Official Committee of Unsecured Creditors of the Company. Fruit of the Loom and Berkshire presently expect the closing to occur in the first quarter of 2002. SOURCE: Fruit of the Loom, Ltd. and Berkshire Hathaway Inc.