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Article: FASHIONMALL CEO COOL ON NARAX OFFER.(Ben Narasin)(Brief Article)
- Article from:
- WWD
- Article date:
- January 2, 2001
- Author:
CopyrightCOPYRIGHT 2001 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Fashionmall.com has responded with skepticism to an offer letter emanating last Thursday from Narax, Inc., bidding to acquire the fashion and apparel accessories e-tailer for $3.50 a share. Fashionmall chief executive officer Ben Narasin responded to the bid offer Friday, noting in a published statement that the acquisition offer was received by fax machine, without an accompanying phone call from Narax president Michael Savage, and that the offer letter included the following sentence: "Please note this communication describes a non-binding proposal and does not constitute a binding offer."
In an interview with WWD on Friday, Narasin confirmed that ...