BALA CYNWYD, Pa., May 9, 2012 /PRNewswire/ -- 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.
SOURCE Brodsky & Smith, LLC
