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(Studio: Dan Rather) Report introduced.
(Lanett, Alabama: Peter Van Sant) Textile company, West Point Pepperell, reported facing hostile takeover here; details given, scenes shown. [EMPL. - says entire town is afraid that jobs will be lost.] Farley Inds., makers of Fruit of the Loom, reported behind takeover. [Chairperson Bill FARLEY - comments on situation.] Takeover's impact upon town discussed. [PEOPLE - comment.] [Workers Steve and Suzie LYONS - comment on their family's relationship with West Point Pepperell.] [FARLEY - says empls. will retain their jobs.] [West Point Pepperell chairperson Joe LANIER - says he'll fight for company]
- Rather, Dan;
- Van Sant, Peter
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