	fruit loom ftl to sell unit for mln dlrs fruit of the loom inc said it agreed to sell its general battery corp subsidiary to exide corp for about mln dlrs in cash the proposed sale will complete fruit of the loom s previously announced plan to divest itself of unrelated businesses proceeds from the proposed transaction are more than the price projected in the company s recent initial public offering it said completion of the transaction is subject to a definitive agreement regulatory approvals financing and certain other conditions and is expected to close may one the company said reuter 
