Finance / United States
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Pier 1 Offers To Buy Cost Plus
June 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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US retailer Pier 1 Imports offered to acquire industry peer Cost Plus on June 6. Pier 1, who sent a letter to Cost Plus' Board of Directors, is willing to issue 0.60 shares for each share of Cost Plus. The offer represents a 31% premium on the company's June 6 closing price of US$3.37. JP Morgan is advising Pier