TITLE

Judge Will Make WPS Call

AUTHOR(S)
Felgner, Brent
PUB. DATE
June 2005
SOURCE
Home Textiles Today;6/20/2005, Vol. 26 Issue 40, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Tuesday's auction for WestPoint Stevens Inc. will likely spill over to this Friday's bankruptcy court hearing to decide myriad legal controversies before finally declaring a winner. No other bidders have publicly -- or even privately, for that matter -- been identified. In any other bankruptcy auction, the presence of just two bidders might keep the bidding process clear and simple. But WestPoint's efforts to emerge from its two year-old bankruptcy have been anything but clear and never approached simple.
ACCESSION #
17389719

 

Related Articles

  • Icahn Masterstroke Secured Bid.  // Home Textiles Today;7/11/2005, Vol. 26 Issue 42, p27 

    Reports on the outcome of the auction for West Point Stevens Inc. in the U.S. Offer of businessman Wilbur Ross for a credit bid of West Point; Objection of bidder Carl Icahn to the proposition of Ross; Implication of the credit bid on the status of the company.

  • WPS Readies for Test.  // Home Textiles Today;6/6/2005, Vol. 26 Issue 38, p1 

    The article reports that the winner in the auction for WestPoint Stevens Inc. will come away with a sharply downsized company, free of debt and with a clear vision of its future. As a new owner appears on the horizon and the company anticipates its exit from bankruptcy, WestPoint is ready to...

  • WestPoint-ers Must Fight. R.A. // High Yield Report;6/16/2003, Vol. 14 Issue 24, p2 

    Cites the possible impact of a proposed restructuring plan for bankrupt Westpoint Stevens Inc. on bondholders.

  • WestPoint mulls its future. Hogsett, Don // Home Textiles Today;6/9/2003, Vol. 24 Issue 39, p1 

    Discusses the implications of the decision made by the home textile manufacturing company WestPoint Stevens Inc. to file for Chapter 11 under the U.S. bankruptcy law, during the first week of June 2003. Possibility that the company will be able to spend money to shut down plants and lay off...

  • WestPoint's fall a series of miscalculations.  // Home Textiles Today;6/9/2003, Vol. 24 Issue 39, p24 

    Reports that the textile manufacturing company, WestPoint Stevens Inc., has filed for Chapter 11 under the U.S. bankruptcy law. Resignation of Holcombe T. Green Jr., as the company's chairman and chief executive officer; Reasons why the company collected a debilitating debt load which prevented...

  • Event Calendar.  // Motorcycle Product News;Mar2009, Vol. 35 Issue 3, p59 

    A calendar of events for the National Powersport Auctions in the U.S. for 2009 is presented.

  • WPS Creditors Battle At Deadline. Felgner, Brent // Home Textiles Today;6/6/2005, Vol. 26 Issue 38, p1 

    The article focuses on legal issues related to the bid deadline in the WestPoint Stevens Inc.'s auction. The two leading contenders for the bankrupt mill remain mired in a contentious legal battle challenging one another's rights and standing to prevail or, for that matter. even participate in...

  • Wrangling Over WestPoint. Felgner, Brent // Home Textiles Today;10/29/2007, Vol. 28 Issue 27, p4 

    The article reports on the deadline set on for the affiliates of Carl Icahn and the Steering Committee of First Tier Lenders of the old WestPoint Stevens Inc. to appeal a bankruptcy court order redistributing the sale proceeds from the 2005 auction of the bankrupt mill in New York. Meanwhile, a...

  • WestPoint Gets Second Life From White Knight. Hogsett, Don // Home Textiles Today;3/7/2005, Vol. 26 Issue 26, p1 

    The article reports that investor Wilbur Ross has cut a deal to buy bankrupt textiles producer WestPoint Stevens Inc. The move ensures the continued survival of the largest towel producer of the U.S. and positions it to emerge as a debt-free and newly competitive force in the textile industry....

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics