Pier 1 Mum on NYSE Inquiry.(Pier 1 Imports Inc.)(New York Stock Exchange )(Financial report)(Brief article)
Home Textiles Today, November, 2006
By Staff Fort Worth, Texas - Pier 1 Imports said it was notified by the New York Stock Exchange (NYSE) of unusual trading activity in the company's stock on Nov. 14. In response, the company only said, "The NYSE has asked the company to respond by press release to the unusual activity.
The company's policy is not to comment on market rumors or speculation including unusual market activity." Pier 1 had issued a special statement in early October to clarify -- to deny, in effect -- quotes made by chairman and ceo Marvin Girouard and published in the Fort Worth Star Telegram to the effect that the company's board of directors was close to a sale price with a strategic buyer. The company at that time said, "Pier 1 makes no prediction whatsoever...
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