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Last Updated ( Monday, 14 May 2012 20:55 )
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DATE_FORMAT_LC2=Monday,May 14 2012 12:00:00 am EDT
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Bed Bath & Beyond Agrees to Buy Cost Plus
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Union N.J. and Oakland, Calif. — Bed Bath & Beyond and Cost Plus have entered into a joint agreement under which Bed Bath & Beyond will acquire Cost Plus in an all cash transaction. Bed Bath & Beyond has agreed to make a cash tender offer for all outstanding shares of Cost Plus Inc. common stock for $22 per share, followed by a merger. The boards of directors of both companies have unanimously approved the terms of the transaction.
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