NEW YORK, May 17, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Cost Plus,
Inc. ("Cost Plus" or the "Company") (Nasdaq: CPWM) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Bed Bath & Beyond
Inc. (Nasdaq: BBBY). Under the terms of the transaction, Cost
Plus shareholders will receive $22.00
for each share of Cost Plus stock they own. The transaction
has a total approximate value of $494
million. Shareholders owning a combined 25% of the
Company's outstanding shares have agreed to tender their
shares.
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Click here to learn how to join the action:
http://www.zlk.com/cost-plus-cpwm, or call: 877-363-5972. There is
no cost or obligation to you.
The investigation concerns whether the Cost Plus Board of
Directors breached their fiduciary duties to Cost Plus stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Bed Bath & Beyond Inc. is underpaying
for Cost Plus shares, thus unlawfully harming Cost Plus
stockholders.
If you own common stock in Cost Plus and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C.
The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
The attorneys at Levi & Korsinsky have been appointed by
numerous courts throughout the country to serve as lead counsel on
behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP