Wednesday, January 17, 2007

Let the bidding war begin...

Second Company Bids on Malden Mills

A private equity firm has made a bid for Malden Mills Industries Inc., a textile maker that employs more than 800 workers at its plants in Lawrence, Mass., and in Hudson. Philadelphia-based Chyrsalis Capital Partners on Friday said it was offering $44 million, an offer similar to a tentative deal the textile maker reached with Boston-based Gordon Brothers Group before filing for bankruptcy protection.

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