Farah in Takeover Talks: Farah Inc., a...

Farah in Takeover Talks: Farah Inc., a maker of jeans and popular sportswear, said it is in substantive talks to sell the company in a deal worth at least $69 million. Farah, which makes clothes under its own and the Generra label, gave no other details. A full buyout of Farah would value the company at $69 million based on its stock price of $11.25 Friday. The El Paso-based company said it and investment bank Wertheim Schroder are reviewing transactions to maximize shareholder value. Farah said Salant Corp., another sportswear maker, has decided not to proceed with its proposal to buy Farah.