Fairmont Capital Inc., parent of the Oregon-based Shari's chain. (Just In).(will not acquire ICH Corp.)(Brief Article)

ANAHEIM Calif. -- FAIRMONT CAPITAL INC., parent of the Oregon-based Shari's chain, said it withdrew its offer to acquire 2/40-unit ARBY'S franchisee ICH CORP. and take it private for 75 cents a share after conducting "certain due diligence," according to an ICH filing with the Securities and Exchange Commission. Anaheim-based Fairmont, a private investment firm that holds about a 9.4-percent stake in San Diego-based ICH, said in a letter to ICH's board that it was reserving the right to submit a revised offer. Fairmont also reiterated its interest in alternative proposals, including an equity investment in ICH's Sybra subsidiary which operates the company's Arby's units. …