Mossimo Giannulli, founder, chairman, and co-CEO of Mossimo, Inc., has withdrawn his proposal to acquire all outstanding shares of the company not owned by him for $4.00 per share, essentially taking the company private again. Giannulli said that, while he remains interested in acquiring the company's publicly held shares, he does not intend to increase his bid to the company's current stock trading levels.

Giannulli originally made the bid in mid April when the company’s stock was selling at $3.50 per share. Shares jumped up to $4.25 shortly after the announcement of Gianulli’s intentions and hovered slightly above that price, rising as high as $4.77 until jumping nearly a dollar last Friday to close at $5.65.


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