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IKEA ANNOUNCES COMMENCEMENT OF TENDER OFFER FOR STOR

 IKEA ANNOUNCES COMMENCEMENT OF TENDER OFFER FOR STOR
 TORRANCE, Calif., Jan. 7 /PRNewswire/ -- IKEA US West, Inc., a


wholly owned subsidiary of IKEA Holding US, Inc., today announced that it is commencing its previously announced offer to purchase all the outstanding shares of common stock and nonvoting common stock of Stor Furnishings International, Inc. (NASDAQ: STOR) at $3.10 in cash per share. The offer, which has been approved by Stor's board of directors, is subject to a number of conditions, including among others, that at least 90 percent of the shares of common stock and all of the shares of nonvoting stock be validly tendered and not withdrawn prior to the expiration of the offer. The offer expires at midnight, New York City time, on Feb. 13, 1992, unless extended.
 The offer will be made only through an offer to purchase and related letter of transmittal, which have been filed with the Securities and Exchange Commission. Copies of the offer to purchase and the related letter of transmittal may be obtained from the information agent for the offer, Georgeson & Company, Inc.
 -0- 1/7/91
 /CONTACT: Pamela Diaconis of IKEA Holding US, 215-834-0180, ext. 247, or Cynthia Neiman of IKEA US West, 213-782-7909/
 (STOR) CO: IKEA US West Inc.; STOR Furnishings International Inc. ST: California, Pennsylvania IN: REA SU: TNM


TS-OS -- NY011 -- 7198 01/07/92 09:23 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 7, 1992
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