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Gold/Mining/Energy : Club Monaco Inc (CMI) -- Ignore unavailable to you. Want to Upgrade?

To: Orwell who wrote (28)	2/16/1999 4:22:00 PM
From: Jackie384	Read Replies (1) \| Respond to of 32

TORONTO, Feb 16 (Reuters) - Canadian-based international casual apparel retailer Club Monaco Inc. said on Tuesday it was seeking a merger partner. ''Club Monaco is currently holding discussions with a third party with respect to a possible business combination. There can be no assurance that these discussions will result in any agreement,'' a company statement said. The Toronto-based company's stock spiked C$1.50, or 17.1 percent, to C$10.25 on Monday's close on the Toronto Stock Exchange on talk of a possible merger. The company's chief operating officer and analysts did not return phone calls on Monday but Toronto's National Post newspaper said the most likely match would be with Limited Inc. of Columbus, Ohio, which runs more than 3,000 stores including Express, The Limited, Victoria's Secret and Henri Bendel. The newspaper said sources estimated merger talks focused on a purchase price of Club Monaco at C$12 a share. Club Monaco runs and franchises 125 outlets in Canada, the United States, Japan, Korea and other Asian markets.