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Well, it looks like a few of Counter Culture’s readers are breathing a sigh of relief.Pier 1 Imports has decided not to pursue its $81-million offer to acquire Cost Plus World Market just a couple weeks after the latter’s management called the deal “distracting and ill-timed.”But in Pier 1′s press release announcing the termination of its offer, management still contends that: “the combination of Pier 1 Imports and Cost Plus would create significant value for the stakeholders of both companies.”Are you surprised the deal didn’t go through?

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