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...
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