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MIK - Michaels Cos. paring some earlier gains as Party A not going to bid
The Michaels Companies Inc.
Michael Cos. (MIK) is starting to pare some earlier gains after unidentified Party A informed the arts/crafts retailer's legal adviser that it no longer intended to pursue an acquisition of the company, according to a filing.An earlier filing indicated that Party A may bid during the go-shop processRecall March 3, Michaels Companies confirms it will be bought by Apollo (APO).