Bed Bath & Beyond Buys Cost Plus For Near $500 Million

Bed Bath & Beyond Inc (NASDAQ:BBBY) has announced that it will acquire the US retailer Cost Plus Inc. (NASDAQ:CPWM) in a deal worth $495 million. The offer amounts to a sum of $22 for each share held in the home furnishing retailer. The transaction will apparently be an all cash afffair betweeen Bed Bath & Beyond and the shareholders of Cost Plus.

Cost Plus is a retail business involved in home furnishing and decoration. The firm operates in the main in the United States but also has business outside of North...