OTHER NEWS - Aug. 14, 1991
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From Times Staff and Wire Reports
Farley Reaches Bondholder Accord: Farley Inc. agreed to give up 3 million shares of Fruit of the Loom stock to bondholders as part of a plan to restructure the troubled firm’s finances. Under the plan, Chicago-based Farley would exchange Fruit of the Loom shares it holds and a 9.2% interest in Doehler-Jarvis Limited Partnership, an aluminum die-casting company, for roughly $172 million in subordinated notes.
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