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From Times Staff and Wire Reports

VF Corp. Buying Nutmeg Industries Inc.: VF, expanding into adult sports apparel, agreed to make the purchase for about $325.5 million in cash, the companies said. Tampa, Fla.-based Nutmeg is a leading licensee for all major league sports, including Major League Baseball, the National Football League, the National Basketball Assn. and the National Hockey League. It had recent 12-month sales of about $185 million. Nutmeg shares jumped $2.50 to $17.50 on the New York Stock Exchange by the close of trading, while VF stock rose $1.25 to $44.75. VF is a leading manufacturer of jeans, casual wear and sportswear under the Lee, Wrangler, Rustler, Jantzen, Jansport and other brand names.

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