Lejaby Business For Sale by Warnaco

Friday, 15 February 2008

€32.5 million (approximately $47 million) in cash and €12.5 million (approximately $18 million) in an interest free note due December 31, 2013. Terms of the transaction include a customary working capital adjustment and the provision of temporary transition services to Palmers Textil AG. The Company notes that the sale of Lejaby is subject to customary closing conditions and expects the sale to be concluded during the first quarter of fiscal 2008.

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