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Blackstone to Arrange Asset-Backed Loan for Sock Maker
Blackstone to Arrange Asset-Backed Loan for Sock Maker
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Blackstone to Arrange Asset-Backed Loan for Sock Maker
The Blackstone Group (BX) has reportedly tried to find a buyer for GoldToeMoretz, one of the worlds largest sock makers, but is instead looking to an asset-backed loan to keep the company afloat.  The New York Post reported that none of the companies that would be a good fit Berkshire Hathaway (BRKA, BRKB), which owns Fruit of the Loom and Hanes, is one example were interested in acquiring GoldToeMoretz at Blackstones $450 million asking price.
Category: Business
Video Length: 0
Date Found: November 29, 2010
Date Produced: November 29, 2010
View Count: 0
 
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