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Michaels Stores calls 9¼% notes
New York, May 16 - Michaels Stores, Inc. said it will redeem its $200 million of 9¼% senior notes due 2009 on July 1.
The Irving, Texas, arts and crafts retailer will pay $1,046.25 per $1,000 of principal amount plus accrued interest up to the redemption date.
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