SARA LEE COMPLETES ACQUISITION OF PLAYTEX APPAREL
SARA LEE COMPLETES ACQUISITION OF PLAYTEX APPAREL CHICAGO, Nov. 19 /PRNewswire/ -- Sara Lee Corporation (NYSE: SLE)
today announced that it has completed the acquisition of Playtex Apparel, Inc. Sara Lee issued 3,875,622 shares of its common stock in the transaction and expects to refinance Playtex's outstanding debt. This announcement comes after the United States Department of Justice's decision last week allowing Sara Lee to complete the transaction.
Playtex Apparel is an international manufacturer and distributor of intimate apparel products, marketing its products under several trademarks, including Playtex, 18 Hour, Cross Your Heart, Support Can Be Beautiful, WOW and I Can't Believe Its A Girdle. Sara Lee Corporation, an international food and consumer products company with headquarters in Chicago, markets a wide variety of brand- name products including Hanes, Hanes Her Way, L'eggs, Champion, Kiwi, Ball Park, Jimmy Dean, Dim, Douwe Egberts and Sara Lee. -0- 11/19/91 /CONTACT: E. Denise Stovell of Sara Lee, 312-558-8691/ (SLE) CO: Sara Lee Corporation; Playtex Apparel, Inc. ST: Illinois IN: REA SU: TNM JT-SM -- NY051 -- 4966 11/19/91 12:54 EST
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|Date:||Nov 19, 1991|
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