Steiner Family Withdraws Dryclean USA Offer

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MIAMI — Dryclean USA has announced that the Steiner family — the company’s principal stockholders — has withdrawn a proposal it made to acquire 43% of the company’s outstanding common stock not already owned by them.

The previously announced transaction would have been structured as a merger of Dryclean USA with a company to be owned by the Steiner family. Public stockholders would have received 85 cents a share in cash, or an aggregate of approximately $2.55 million, for the approximately 3 million shares.

The Steiner family didn’t give a reason for its decision to withdraw the proposal.