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Cost Plus, Inc. Summary: According to the complaint, on May 9, 2012, Cost Plus issued a press release announcing that it had entered into a definitive merger agreement with Bed Bath & Beyond to acquire Cost Plus, via a tender offer made by Bed Bath & Beyond's wholly-owned subsidiary Blue Coral Acquisition Corp., in a deal valued at approximately $554 million. Under the terms of the Proposed Transaction, Cost Plus common shareholders will receive $22.00 per share in cash for each Cost Plus share they own.
Specifically, pursuant to the Agreement and Plan of Merger dated May 8, 2012 entered into between Cost Plus, Bed Bath & Beyond, and the Merger Sub, Bed Bath & Beyond announced that Merger Sub would commence a cash tender offer to purchase all outstanding shares of Cost Plus common stock at a purchase price of $22.00 per share in cash, to be followed by a merger of Merger Sub with and into the Company.
The complaint alleges that on May 25, 2012, the Company filed a schedule 14D-9 Recommendation Statement with the Securities and Exchange Commission ("SEC") in connection with the Proposed Transaction. The Recommendation Statement fails to provide the Company's shareholders with material information and provides them with materially misleading information thereby rendering the shareholders unable to make an informed decision regarding whether to tender their shares in support of the Proposed Transaction.
On June 26, 2012, the plaintiff filed a Notice voluntarily dismissing this action without prejudice as to all defendants.
INDUSTRY CLASSIFICATION:
SIC Code: 5700
Sector: Services
Industry: Retail (Specialty)
| COMPANY/ISSUER NAME: | Cost Plus, Inc. |
| COMPANY/ISSUER TICKER: | CPWM |
| COMPANY WEBSITE: | http://www.worldmarket.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Irene Dixon, et al. v. Cost Plus, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint For Breach Of Fiduciary Duty And Indiviudal Claims For Violation Of Sections 14(d) 4 And (e) And 20 (a) Of The Securities Exchange Act Of 1934 | |||
| Type: Complaint | Date on the document: 05/25/2012 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 06/01/2012 | ||
| Plaintiff's Notice of Voluntary Dismissal Without Prejudice Pursuant to Federal Rule of Civil Procedure 41(a)(1) | |||
| Type: Notice | Date on the document: 06/26/2012 | ||
| OTHER DOCUMENTS | |||
| Case Name and/or Number: | |||
| Type: | Date on the document: | ||
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