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Thursday, September 11, 2003
Investor group drops offer to buy Zones Inc.
An investor group has ended its offer to buy Zones Inc. and take the company private. The group, which was led by Zones Chief Executive Firoz Lalji, made an offer in May to buy all outstanding shares for $1 per share in cash.
No reason was given for the withdrawal of the offer in a news release issued by the company.
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