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 America. The firm’s share price was trading very close…