Tuesday, November 14, 2006

Pier 1 Imports (PIR) Comments on Unusual Trading Activity to NYSE


Pier 1 Imports, Inc. (NYSE: PIR) was notified today by the New York Stock Exchange (NYSE) of unusual trading activity in the Company's stock. 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.

*NOTE - Earlier, According to reports from Reuters, Danish retail magnate and 9.8% holder Jakup a Dul Jacobsen is preparing to make a bid for Pier 1 Imports Inc. (NYSE: PIR). Previously, Pier 1 provided confidential financial data to Jacobsen and several other parties to consider a possible transaction.

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