A bankruptcy court in Delaware will today consider revised terms for a takeover bid for Fruit of the Loom by billionaire investor Warren Buffet's Berkshire Hathaway investment group. Fruit of the Loom's bondholders and State Street Bank and Trust Company have meanwhile filed objections to the company's request for reconsideration of its bidding procedures and termination fee over the proposed sale of its assets to Berkshire Hathaway.
Texas Pacific Group and Gildan Activewear, an earlier suitor for the apparel company which filed for bankruptcy two years ago, are reported to be considering another offer for Fruit of the Loom, which employs 830 people in the north-west.
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