Cost Plus, Inc. : Law Offices of Howard G. Smith Announces Investigation of Cost Plus, Inc.
May 10, 2012 at 01:40 pm EDT
By
Share
Law Offices of Howard G. Smith announces that it is investigating
potential claims against the Board of Directors of Cost Plus, Inc.
("Cost Plus" or the "Company") (NASDAQ:CPWM) related to the proposed
acquisition of the Company by Bed Bath & Beyond. The transaction is
valued at approximately $495 million or $22 per share.
This investigation concerns whether the Board of Directors of Cost Plus
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $5.60 on October 3,
2011 to $19.84 on April 27, 2012.
If you are a shareholder of Cost Plus, if you have information or would
like to learn more about our investigation, or if you wish to discuss
these matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith Howard G. Smith, Esquire (215)
638-4847 (888) 638-4847 howardsmith@howardsmithlaw.com http://www.howardsmithlaw.com