Cost Plus, Inc. : Faruqi & Faruqi, LLP Announces Investigation of Cost Plus, Inc.
05/16/2012| 07:10pm US/Eastern
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Cost Plus,
Inc. ("Cost Plus" or the "Company") (NASDAQ: CPWM) for potential
breaches of fiduciary duties in connection with their conduct related to
the sale of the Company to Bed Bath and Beyond Inc. (NASDAQ: BBBY) in an
all-cash deal valued at about $494 million. Under the terms of the
proposed transaction, Cost Plus stockholders will receive $22.00 in cash
for each share of Cost Plus common stock they own. The proposed
transaction is structured as a tender offer and may be effectuated
without a shareholder vote.
Request more information now by clicking here: www.faruqilaw.com/CPWM.
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Whether the Board of Directors of Cost Plus breached their fiduciary
duties to the Company's stockholders by failing to conduct an adequate
and fair sales process prior to agreeing to this proposed transaction,
whether the proposed transaction undervalues Cost Plus shares and by how
much this proposed transaction undervalues the Company to the detriment
of Cost Plus shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in Cost Plus and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
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responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
© Business Wire 2012