24/7 Wall St.
06-16-2008, 07:40 PM
24/7 Wall St. Daily News
It hasn't even been a week, and it appears that the proposed acquisition where Pier 1 Imports, Inc. (NYSE: PIR) wants to acquire the operations of Cost Plus Inc. (NASDAQ: CPWM) is going to go rather hostile. Early this morning, Cost Plus issued a statement saying the company is unanimously rejecting the Pier 1 offer to acquire the company after determining that the offer is not in the best interest of the company and its shareholders. Its statement pretty much says it all: We believe that our strategic plan, which is yielding positive results, will provide Cost Plus shareholders with... http://feeds.feedburner.com/~f/typepad/RyNm?i=qE1EzI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=qE1EzI) http://feeds.feedburner.com/~f/typepad/RyNm?i=7xnczI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=7xnczI) http://feeds.feedburner.com/~f/typepad/RyNm?i=PI8Qui</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=PI8Qui)
complete story here... (http://www.247wallst.com/2008/06/cost-plus-pier.html)
It hasn't even been a week, and it appears that the proposed acquisition where Pier 1 Imports, Inc. (NYSE: PIR) wants to acquire the operations of Cost Plus Inc. (NASDAQ: CPWM) is going to go rather hostile. Early this morning, Cost Plus issued a statement saying the company is unanimously rejecting the Pier 1 offer to acquire the company after determining that the offer is not in the best interest of the company and its shareholders. Its statement pretty much says it all: We believe that our strategic plan, which is yielding positive results, will provide Cost Plus shareholders with... http://feeds.feedburner.com/~f/typepad/RyNm?i=qE1EzI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=qE1EzI) http://feeds.feedburner.com/~f/typepad/RyNm?i=7xnczI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=7xnczI) http://feeds.feedburner.com/~f/typepad/RyNm?i=PI8Qui</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=PI8Qui)
complete story here... (http://www.247wallst.com/2008/06/cost-plus-pier.html)