Warren Buffett Buys Russell

2006-04-26T00:00:00

Offering $597 million in cash, Berkshire Hathaway purchased a battered but improving Russell Corporation. The investment company of Warren Buffet will assume $400 million in debt, putting the total value of the deal at about $1 billion. In 2005, Russell had $1.4 billion in turnover and earnings before interest, taxes, ...

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