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Clarke drops Shermag offer

By Michael J. Knell -- Furniture Today, April 27, 2008

Halifax, Nova Scotia — Investment firm Clarke Inc. has withdrawn its proposal to take furniture manufacturer and importer Shermag private.

"The price proposed by Clarke was below the range established by the valuator and the independent directors were therefore not in a position to recommend acceptance of the

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Clarke withdraws offer for Shermag

Apr 22, 2008

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