Law Office of Brodsky & Smith, LLC Announces Investigation of Cost Plus, Inc.
11 Mayo 2012 - 8:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Cost Plus, Inc. (“Cost Plus” or the “Company”) (Nasdaq: CPWM)
relating to the proposed acquisition by Bed Bath & Beyond, Inc.
(“Bed Bath & Beyond”).
Under the terms of the transaction, Cost Plus shareholders would
receive only $22.00 in cash for each share of Cost Plus stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of Cost
Plus for not acting in the Company’s shareholders' best interests
in connection with the sale process to Bed Bath & Beyond.
Specifically, the investigation focuses on whether the board is
undertaking a fair process to obtain adequate compensation for the
Cost Plus shareholders given the Company’s recent positive
financial results.
If you own shares of Cost Plus stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/425-cpwm-cost-plus-inc.html, or by calling
toll free 877-LEGAL-90.
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