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Atlanta – Delta Apparel Inc. has gotten approval from the U.S. Bankruptcy Court for the Northern District of Alabama to buy the textile assets owned by Fayette Manufacturing Inc., subject to a notice to creditors.
Duluth-based Delta Apparel (AMEX: DLA) will pay $2.6 million for the textile plant in Fayette, Ala. Delta expects to take possession of the facility on March 25 and should close on the final purchase of the assets in April 2002. Delta will begin production in late April and will initially employ approximately 100 associates at the facility.

Atlanta – Arby's Roast Beef Restaurants' two largest franchisees have announced plans to merge.
Atlanta-based RTM Restaurant Group, the largest franchisee of Arby's, wants to partner with Sybra Inc.'s management team and acquire all of the capital stock of Sybra, a subsidiary of ICH Corp.

Atlanta – SunTrust Banks Inc. has bought a percentage of Viewpointe Archive Services LLC.
Terms were not disclosed.
Atlanta-based SunTrust (NYSE: STI) joins Viewpointe's founding partners J. P. Morgan Chase & Co., Bank of America and IBM as an owner in the company.
SunTrust also signed a long-term agreement to use Viewpointe's check and document image-based archiving technology. Imaging services, including check and document storage and retrieval, will begin immediately.

Atlanta – Quebecor World Inc. will close its facility in Oakwood and cut 259 jobs by May 25, the Georgia Department of Labor reported.
The closure and subsequent cuts are part of the Montreal-based commercial print media services company's (NYSE: IQW) restructuring plan following the economic downturn and the effects of Sept. 11. The company is in the process of closing seven of its 160 global facilities and cutting about 6 percent of its workforce. The company's net income dropped to $22.4 million in 2001 from $295.4 million in 2000.

Atlanta – Blockbuster Inc. and The Coca-Cola Co. have signed a multi-million dollar, five-year global marketing and product alliance.
Terms were not disclosed.
The global alliance builds on a distribution agreement the two companies have had since 1995, with Dallas-based Blockbuster (NYSE: BBI) continuing to distribute Coca-Cola (NYSE: KO) products in up to 8,000 of its stores around the world.

Atlanta – AFLAC Inc. Chairman and CEO Daniel Amos made $12.5 million from stock options in 2001, according to a proxy filing with the Securities and Exchange Commission.
Amos received a base salary of $995,000 in 2001, a salary that has remained unchanged since 1996. He also received a bonus of $1.5 million, down only slightly from $1.6 million in 2000, the filing shows.
Amos also exercised 407,200 stock options last year and holds 3.9 million exercisable options with a value of $40.9 million.

Atlanta – Financially struggling Buckhead America Corp. has been notified by The Nasdaq Stock Market Inc. that it faces possible delisting.
The Atlanta-based hospitality services company's (Nasdaq: BUCK) shares are subject to delisting unless prior to June 4, the aggregate market value of publicly held shares is $1 million or more for a minimum of 10 consecutive trading days, and prior to August 14, the shares close at $1 or more for a minimum of 10 consecutive trading days.

Atlanta – TYCO Healthcare has cut 43 jobs at Paragon Trade Brands Inc. in Norcross, according to the Georgia Department of Labor.
New York-based Tyco (NYSE: TYC) acquired Paragon Trade, a supplier of infant disposable diapers, for $650 million.
Paragon had been besieged by financial and legal troubles over the past few years. The Norcross-based company had to settle patent-infringement lawsuits filed by Procter & Gamble, makers of Pampers, and Kimberly-Clark, makers of Huggies. The company operated under Chapter 11 bankruptcy protection until early 2000.

Atlanta – BellSouth Corp. has completed the sale of its 22.51 percent stake in German mobile phone operator E-Plus for 234.7 million shares of Royal KPN.
This represents 9.42 percent of KPN's outstanding shares. Based on KPN's March 13 closing price, Atlanta-based BellSouth (NYSE: BLS) expects to record an after-tax gain of approximately $850 million.

Atlanta – InnerSpace Corp. plans to buy Walnut Creek, Calif.-based AnchorMed Corp. and up to four additional physician billing and management services companies.
Terms were not disclosed.
AnchorMed, Chairman and CEO Founder Richard Pendleton will join Atlanta-based InnerSpace (OTC BB: ISPA) as its CEO. AnchorMed was formed in January 2001 to acquire companies in the physician billing services firms.
Through the AnchorMed and other acquisitions, InnerSpace will grow its customer base to up to 105 medical groups consisting of 623 physicians.

Atlanta – OFS reported it will cut 300 employees at its Norcross headquarters by March 20.
Norcross-based OFS designs, manufactures and supplies optical fiber, fiber cable, and components for high-speed optical networks. The company was once owned by Lucent Technologies, but was sold to Furukawa Electric, which remains its parent company.
OFS officials said the cuts are a result of a sagging demand for fiber optic products. The Norcross facility employs about 1,600 in both management and manufacturing.

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