Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: TMF1000 Big funky green star, 20000 posts Top Recommended Fools Feste Award Nominee! Coverage Fool Supernova Phoenix 1
Mission Team Member CAPS All Star SN Explorer 1 Mission Team Member Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 438  
Subject: Pier 1 offers a merger deal with Cost Plus Date: 6/20/2008 7:51 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Conference call transcript:

http://seekingalpha.com/article/82010-pier-1-imports-inc-f1q...

Now that I’ve updated you on our business, I would like to talk briefly about our proposal to acquired Cost Plus. As I’m sure most of you know, on June 9 we announced a proposal to acquire all the outstanding shares of Cost Plus common stock in a strategic stock for stock transaction.

Under the terms of the proposal, we would issue 0.6 shares of our common stock for each share of Cost Plus stock. We believe that the combination of Pier 1 and Cost Plus is extremely compelling and will create significant value for the stakeholders of both companies and will create a stronger and more competitive company that is positioned for future growth.

For those of you who have been following the story, you know that earlier this week, Cost Plus rejected our proposal. We have reiterated the compelling nature of the combination. We believe that our proposal is full and fair and we remain committed to working directly with the Cost Plus shareholders to make this transaction a reality.

Having said that, we are here today to discuss Pier 1 Imports’ first quarter results and I would really appreciate it if you’d limit your questions to our earnings. We’re now happy to answer your questions.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Berkshire Hathaway

IBM: Is Buffett Wrong, or Brilliant?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement