Pier 1 Withdraws Cost Plus Offer
June 25th 2008 15:36
From FURNITURE Today regarding Pier 1's offer for Cost Plus:
“We have concluded ...it is unlikely that we would be able to acquire a majority interest in Cost Plus at a price that would make sense for our shareholders. We continue to believe that, given our highly complementary businesses, the combination of Pier 1 Imports and Cost Plus would create significant value for the stakeholders of both companies."
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