SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 13, 1998
Delaware 0-11227 43-1256674
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(State or other jurisdiction (Commission file (IRS Employer
of incorporation) Number) Identification No.)
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ITEM 5. OTHER EVENTS
On January 13, 1998 CPI Corp. issued the following press release:
CPI CORP. ANNOUNCES FINAL TENDER OFFER RESULTS
St. Louis, MO., January 13, 1998 - CPI Corp. (NYSE: CPY) today announced the final results of its Dutch Auction tender offer which expired Wednesday, January 7 at 12:00 midnight, New York City time.
CPI said that 1,999,215 shares were tendered at or below $23.00 per share. Under the terms of the offer, CPI has purchased 1,999,215 shares of its common stock at $23.00 per share. The depositary for the tender offer will issue payment promptly for the shares that have been purchased.
CPI is a consumer services company operating approximately 1,200 retail locations, including 1,030 Sears Portrait Studios in the U.S., Puerto Rico and Canada and 157 Prints Plus wall decor stores.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
CPI CORP.
(Registrant)
/s/ Barry Arthur
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Barry Arthur
Authorized Officer and
Principal Financial Officer
Dated: January 14, 1998
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