Passage: Courtaulds' restructuring is among the largest thus far in Britain, though it is dwarfed by B.A.T Industries PLC's plans to spin roughly off #4 billion in assets to help fend off a takeover bid from Anglo-French financier Sir James Goldsmith. The divested Courtaulds textile operations had operating profit of #50 million on #980 million in revenue in the year ended March 31.
restructuring