Adams-Millis Corporation records, 1985-1988.

ArchivalResource

Adams-Millis Corporation records, 1985-1988.

Papers documenting the negotiations leading up to and continuing through the sale of Adams-Millis Corporation to Sara Lee Corporation. Correspondence includes letters between Adams-Millis officials and various groups involved in the merger, including Sara Lee, First Boston, Martin Gruss, and others. Also included are reports on stock voting plans and company value before and after an acquisition by First Boston, investment bankers hired by Adams-Millis; press releases announcing the ongoing development of competing offers from Sara Lee and Gruss & Co.; and several internal memos reporting on the status of negotiations. Reports and correspondence to the Securities Exchange Commission, the Federal Trade Commission, and the Justice Department are found here along with drafts of agreements and plans of merger, stock option agreements, employment agreements, proxy statements, and the like. Financial reports on Adams-Millis include both numbers compiled for internal use only and investment research on the company prepared by others and available to the public. Sara Lee documents in the collection include annual reports, a company newspaper, articles, and financial evaluations of the company.

About 270 items (2.5 linear ft.)

Related Entities

There are 3 Entities related to this resource.

Adams-Millis Corporation

http://n2t.net/ark:/99166/w6qk2bbk (corporateBody)

The Adams-Millis Corporation was founded by John Hampton Adams and James Henry Millis in 1904 and became a leading hosiery manufacturer. Headquartered in High Point, N.C., the company by 1988 employed over 3,500 people and operated 16 factories under the leadership of its chairman and chief executive officer, James H. Millis, Sr. At that time one of its major clients was the Sara Lee Corporation, for which it produced Hanes brand socks. The idea of Sara Lee's acquiring Adams-Millis first arose i...

Sara Lee Corporation

http://n2t.net/ark:/99166/w6g5024h (corporateBody)

Millis, James Henry, 1923-

http://n2t.net/ark:/99166/w6fj44b1 (person)