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Jul 09, 2001 Issue #43

Cover Story

Banks take control from WPS' Green

Approaching the final dips and turns in a roller coaster ride since taking control of WestPoint Stevens several years ago, chairman and ceo Holcombe Green Jr. is being stripped of his majority control of the major mill after a group of three banks seized more than 9.4 million shares of WestPoint stock after a Green-owned company defaulted on a $250 million loan.