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IKEA ACCEPTS 98.9 PERCENT OF STOR SHARES IN TENDER OFFER AND COMPLETES MERGER

IKEA ACCEPTS 98.9 PERCENT OF STOR SHARES IN TENDER OFFER AND COMPLETES
 MERGER
 TORRANCE, Calif., Feb. 14 /PRNewswire/ -- IKEA Holding US, Inc. and STOR Furnishings International, Inc. jointly announced today that 98.9 percent of STOR's voting shares and all of its non-voting shares had been tendered accepted for payment at $3.10 cash per share under IKEA's tender offer, which expired at midnight, New York City time yesterday.
 Of the shares tendered, 35,140, or .6 percent were tendered pursuant to notices of guaranteed delivery. The two companies also announced that they had completed the merger of IKEA US West, Inc. and STOR, as a result of which STOR is now a wholly owned subsidiary of IKEA Holding US, Inc.
 -0- 2/14/92
 CONTACT: Maria Weisensee of Georgeson & Company, 212-440-9847, for IKEA Holding US
CO: IKEA HOLDING US, INC.; STOR FURNISHING INTERNATIONAL INC.
IN: REA
SU: TNM
ST: CALIFORNIA (CA)


-- NY022 -- 9053 02/14/92
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Publication:PR Newswire
Date:Feb 14, 1992
Words:158
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