Fruit of the Loom, Inc., a subsidiary of Berkshire Hathaway Inc. completed its acquisition of Russell Corp. Russell stockholders approved the transaction at a special stockholder’s meeting on August 1, 2006.
In connection with the closing, Russell intends to notify the New York Stock Exchange that each share of Russell common stock has been converted into the right to receive $18.00 in cash, without interest, and will request that the New York Stock Exchange file with the Securities and Exchange Commission an application to strike Russell Common Stock from listing and registration on the NYSE. In addition, Russell will file with the Securities and Exchange Commission a request that Russell Common Stock be deregistered and that Russell’s reporting obligations under Sections 13 and 15(d) of the Securities Exchange Act be suspended.
