Jones plans to buy rival apparel firm

Article Abstract:

Jones Apparel Group Inc., a Bristol, PA-based apparel maker, has announced plans to acquire rival clothing company Sun Apparel Inc. for $212 million. New York, NY-based Sun Apparel designs, manufactures and supplies jeanswear, sports apparel and other clothing for men, women and children under several brands, including Polo, which is licensed from Polo Ralph Lauren. The agreement calls for Jones to buy Sun's equity for the sum of roughly $212 million, made up of around $125 million in cash and roughly 4.8 million shares of Jones common stock, which could undergo final adjustments at the close of trading.

Comment:

Announces plans to acquire rival clothing company Sun Apparel Inc for $212 million

Acquisitions & mergers, Apparel & Related Products, Apparel Manufacturing, Women's and Girls' Cut and Sew Other Outerwear Manufacturing, Women's Outerwear NEC, Women's clothing, Jones Apparel Group Inc., Article, Sun Apparel Inc.

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Holt Group charts a course for its survival

Article Abstract:

The seaport enterprise plans restructuring that will help it pay down $318 million of debt. One way will be to sell its non-core assets. A major setback occurred in 1997 when the family business, Holt Group Inc., bought NPR Holding Corp. which included the Navieras steamship line. The line is still in a dispute over moving its port from NY and NJ to Philadelphia.

Deep sea foreign trans. of freight, Deep Sea Foreign Transport, Deep Sea Freight Transportation, Marine cargo handling, Puerto Rico, Marine Freight Terminals, Marine transportation, Marine terminals, Holt Group Inc., Navieras de Puerto Rico

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Fees up for travel from N.J. to Phila

Article Abstract:

The commissioners of the Delaware River Port Authority approved increasing tolls by 50 percent on the Benjamin Franklin, Walt Whitman, Commodore Barry and Betsy Ross Bridges and imposing the first fare increases in 16 years on the PATCO High-Speed Line. No date was set for the new fees to take effect.

Bridge, Tunnel, Tpke Auth, Other Support Activities for Road Transportation, Transportation authorities

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