Icahn Ups WestPoint Stake

Hogsett, Don
September 2004
Home Textiles Today;9/27/2004, Vol. 26 Issue 5, p1
Trade Publication
The article discusses high profile financial engineer Carl Icahn's plan to increase his stake in WestPoint Stevens Inc., as the textiles titan gets ready to emerge from bankruptcy. Icahn bought a chunk of WestPoint's second-lien bank debt in May and is now said to have taken an even larger position in the company, buying about a third of its first-lien bank debt from Q Investments, a private investment firm based in Fort Worth, Texas. WestPoint Stevens' senior vice president for investor relations Lorraine Miller declined to confirm that Icahn has increased his stake in the textiles producer.


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