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

UPDATE:

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.

Reports Jakup Jacobsen Preparing to Bid for Pier 1 Imports (PIR)

According to reports from Reuters, Danish retail magnate and 9.8% holder Jakup a Dul Jacobsen is preparing 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.

In early October, Pier 1 said to date it has received one preliminary indication of interest, but the entity submitting that indication of interest subsequently advised Pier 1 it would not continue further discussions with Pier 1 regarding a possible transaction. Pier 1 said it couldn't make a prediction if a deal will be reached with the remaining entities.