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Knitting / Apparel

Jones Apparel Completes Kasper Acquisition

Jones Apparel Group Inc., Bristol, Pa., has acquired the common stock of Kasper A.S.L. Ltd. The purchase price consists of $221 million in cash and is subject to certain post-closing adjustments, including one based on closing working capital. The purchase adds the Kasper, Anne Klein, Albert Nipon and Le Suit brands to Jones Apparel's portfolio.

January 2004