By  on April 20, 2009

Efrem Gerszberg’s NAF Holdings II has cleared one hurdle on its way to acquiring Hampshire Group Ltd. and lowered another.

The investment group revealed Monday it had amassed more than 85 percent of the sweater and sportswear firm’s outstanding shares as of April 17. Its bid to take Hampshire private hinged on the acquisition of at least 81.7 percent of the manufacturer’s shares, among other conditions.

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