Greensboro, NC, July 22--Burlington Industries, Inc. announced today that it had received several proposals in connection with the sale process approved last May by the Court in its reorganization proceedings.
Burlington said it is assessing the proposals and did not expect to have any additional comment unless it enters into a sale agreement or determines to terminate the process. There can be no assurance that Burlington will agree to any particular transaction or, if so, as to the timing or terms thereof.
