How the Deal Went Down

摘要

Cost plus released its preliminary proxy statement last week, outlining how the process of its pending acquisition by Bed Bath & Beyond unfolded. The story begins in October 2009, when PJSC - Cost Plus' financial advisor - reached out to companies that might be interested in making an equity investment or forming a strategic partnership with the retailer. At the end of the month, Cost Plus would report a narrower third-quarter net loss from continuing operations of $22.3 million (vs. a net loss of $24.0 million in the comparable 2008 period), a 10.4% drop in sales and a comp decline of 3.4%.