Pier 1 Imports (PIR) Withdrawals Offer for Cost Plus (CPWM)
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Pier 1 Imports, Inc. (NYSE: PIR) has withdrawn its proposal to acquire all the outstanding shares of Cost Plus, Inc. (NASDAQ: CPWM) common stock.
Pier 1 stated, "... 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."
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