Michaels files for proposed IPO

  A. Lee Graham Reporter   The Michaels Companies Inc. has filed a registration statement with the Securities and Exchange Commission regarding its proposed initial public offering of common stock.   Timing of the proposed IPO, as well as numbers of shares that would be sold and the price range, have not yet been determined.    The Irving-based company previously filed a registration statement before a corporate reorganization established Michaels Stores Inc. as a company subsidiary.  That registration statement has been withdrawn.    Acting as joint book-running lead managers for the offering are J.P. Morgan and Goldman, Sachs & Co. Meanwhile, Barclays, Deutsche Bank Securities, BofA Merrill Lynch, Credit Suisse, Morgan Stanley and Wells Fargo Securities will act as joint book runners.    A registration statement relating to the securities has been filed with the SEC, but has not yet become effective. Copies of the preliminary prospectus related to the offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, telephone 631-254-1735; or, Goldman, Sachs & Co., Prospectus Department, 200 West St., New York, NY 10282, telephone: telephone 866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.   Michaels Stores Inc., a specialty retailer of arts, crafts, framing and other hobbyist merchandise, owns and operates 1,137 Michaels stores in 49 states and Canada and 122 Aaron Brothers stores. More information is available at www.michaels.com.   lgraham@bizpress.net