Wednesday, January 11, 2006

Anna's Linens withdraws IPO Offering

Rapidly growing specialty retailer Anna's Linens has terminated its common stock offering.

The company filed a registration statement with the Securities and Exchange Commission in May 2005, and had planned to hold its initial public offering in the fall. The impact of Hurricanes Katrina and Rita on some of Anna's Gulf Coast stores prompted the retailer to push back the IPO to first quarter 2006.