Alba Announces Discussions.VALDESE, N.C.--(BUSINESS WIRE)--Nov. 2, 1999-- Alba-Waldensian Inc. (AMEX AMEX See: American Stock Exchange :AWS AWS Amazon Web Services AWS American Welding Society AWS Advanced Warning System AWS Advanced Wireless Services AWS Automatic Weather Station AWS Alien Workshop (skateboard company) AWS Austria Wirtschaftsservice GmbH ), one of the world's leading producers of seamless apparel and a manufacturer of specialty medical products, Tuesday announced that it is currently engaged in discussions with an interested party concerning the possible acquisition of the company by such party. No definitive agreement has been reached, and there can be no assurance that these discussions will result in a transaction. The company expects to make no further comments until such time as a definitive agreement is reached or discussions are terminated. About Alba-Waldensian Alba-Waldensian manufactures and markets seamless intimate apparel and women's hosiery hosiery Knit or woven coverings for the feet and legs, worn inside shoes. In the 8th century BC, Hesiod referred to linings for shoes; the Romans wrapped their feet, ankles, and legs in long strips of leather or woven cloth. on a private label basis for major retailers and on a contract basis for major brands. The company's medical specialty medical specialty Any specialty that provides non-interventional Pt management, ie with drugs, or with minimum intervention–eg, balloon catheterization Examples Internal medicine–allergy and immunology, cardiology, gastroenterology, hematology/oncology, products group manufactures its products in Tennessee and markets them throughout the Americas and Europe. The company employs approximately 775 people in Valdese and in Rockwood, Tenn. This news release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements represent the company's judgement and are subject to risks and uncertainties that could cause actual operating results to differ materially from those expressed or implied in the forward-looking statements. From time to time, these risks are discussed in the company's filings with the Securities and Exchange Commission, including but not limited to its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly reports on Form 10-Q Form 10-Q See 10-Q. and its other periodic reports. |
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