DIO BWednesday. i\ftty	tWM  
Stockholders of Dan River Inc. voted yesterday to sell the giant textile firm to its employes and management rather than risk a takeover by a controversial New York investor.</br></br>Holders of 70.2 percent of all the shares voted in favor of the proposal, at, jthe annual meeting, Ipreyep^ngSa takeover by New York^ihvestor.ÛªCarl Icahn.</br></br>1 Undqr the accepted proposal, the employes will jointly own 70 percent of Dan-River stock, with management receiving 25 per-, cent and the. consulting firm that ' fehgfneered' 'the deal, Kelso Associates, the remaining 5 percent. The employes will buy the stock back at $22.50 a share, 25 cen^-more,/than the current marxpt pfice. v Ûª</br></br>Icahnf who' ovms a substanial block of the stock but abstained from voting for legal reasons,, stands, to^ make a profit estimated at abjput $8 million under the new plan. Icahn, contacted in his- New York'"office, would not comment on the vote.</br></br>The proposal .still must receive formal approval from the Secu-- rities and Exchange Commission. Trading of Dan River stock has been suspended on the New York Stock Exchange pending the SECÛªs formal approval.