Cost Plus Shareholders Can't Block $494M Buyout Offer

Law360, New York (June 28, 2012, 3:35 PM EDT) -- Cost Plus Inc. shareholders have lost a bid to block a tender offer connected to Bed Bath & Beyond Inc.'s $494 million purchase of the home furnishing company, a California federal judge ruled Wednesday in a putative shareholder class action.

The decision to deny a motion for preliminary injunction came in as the Thursday expiration of the offer for $22 per share loomed, with the judge stating that the shareholder had failed to prove an injunction was necessary or that there had been vital information kept...
To view the full article, register now.