DOMINION CALLS BURLINGTON <BUR> REPORT RUMOR
<Dominion Textile Inc> considers a
published report that it has bought a stake in Burlington
Industries Inc and is considering making a joint bid for the
company to be a rumor, a company spokesman said.
    "As far as I am concerned and the company is concerned, they
are rumors and we're not commenting on rumors," spokesman Michel
Dufour told Reuters in response to a query.
    "All the information that has been given out publicly is
that, yes, Dominion Textile is interested in making an
acquisition that big...probably based on that people are
starting all sorts of rumors," he said.
    Dufour said yes when asked whether the report was only a
rumor, but said the company was not prepared to comment
further. Dominion Textile president and chairman Thomas Bell
was out of town and unavailable for comment.
    Dominion Textile last year made an unsuccesful 104-mln-
U.S.-dlr bid for Avondale Mills and has maintained a 120-mln-
U.S.-dlr line of credit to be used for an American acquisition.
    Dufour said the company has been negotiating with "many"
U.S. textile companies but would not say whether Burlington
Industries was one of them.
    Burlington's stock rose sharply this morning on the report,
which said Dominion Textile had joined with U.S. investor Asher
Edelman to buy a stake in the company and to consider making a
takeover offer.
    Dominion Textile, which reported operating profit of 11.1
mln Canadian dlrs last year on sales of 926.5 mln dlrs, has
repeatedly said it will concentrate on expanding into the U.S. 
   The company has said it plans to diversify into new product
and market areas in addition to expanding its textile
operations.
 Reuter
