INTERMARK<IMI> SEEKS MAJORITY PIER 1 <PIR> STAKE
Intermark Inc, which together with
one of its subsidiaries already holds a 43.4 pct stake in Pier
1 Imports Inc, told the Securities and Exchange Commission it
plans to acquire a majority of the company's voting stock.
    Intermark said it already holds 6,839,827 Pier 1 common
shares, or 35.66 pct, and its Pier 1 Holdings Inc holds
1,484,516 shares, or 7.74 pct.
    Intermark said it also has 341,991 shares of Pier 1
preferred stock, or 35.2 pct of the outstanding, while Pier 1
Holdings has 74,225 shares, or 7.6 pct.
         
 Reuter
