Tripp Levy PLLC, a leading national securities law firm, announces that it has been retained to represent Cost Plus shareholders in connection with the acquisition of the company.
Bed Bath & Beyond will acquire Cost Plus, Inc. in an all cash transaction for all outstanding shares of Cost Plus, Inc. common stock at a price of $22 per share. In addition, Bed Bath & Beyond Inc. has entered into agreements with Red Mountain Capital Partners LLC and Stephens Investment Holdings LLC, the two largest shareholders of Cost Plus, Inc. pursuant to which each shareholder has committed to tender all of their shares, which in aggregate comprise approximately a 26% interest.
The investigation concerns whether the board of Cost Plus sought to get the highest price possible for shareholders and whether they are seeking benefits for themselves at shareholders expense.
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