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Samjens Company

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BUSINESS
June 6, 1987
In Greensboro, N.C., U.S. District Judge Eugene Gordon temporarily blocked an investor group from pursuing its $1.82-billion hostile bid to acquire the textile giant, ruling that "Burlington has shown a likelihood that it will be able to prove that Samjens utilized inside information received from (James) Ammeen in connection with Samjens' tender offer." Samjens is an investor group led by New York financier Asher B. Edelman and Dominion Textile of Canada.
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BUSINESS
June 6, 1987
In Greensboro, N.C., U.S. District Judge Eugene Gordon temporarily blocked an investor group from pursuing its $1.82-billion hostile bid to acquire the textile giant, ruling that "Burlington has shown a likelihood that it will be able to prove that Samjens utilized inside information received from (James) Ammeen in connection with Samjens' tender offer." Samjens is an investor group led by New York financier Asher B. Edelman and Dominion Textile of Canada.
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