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Crafts retailer Michaels IPO aims to raise up to $528 mln

June 16 (Reuters) - Arts and crafts retailer Michaels Companies Inc said it expected to raise up to $528 million in its initial public offering.

The company's offering of 27.8 million shares is expected to be priced at between $17 and $19 each, Michaels said in a filing with the U.S. Securities and Exchange Commission on Monday. (http://r.reuters.com/fym22w)

(Reporting by Amrutha Gayathri in Bangalore; Editing by Ted Kerr)