Proskauer served as counsel to Bed Bath & Beyond Inc. in its pending purchase of Cost Plus, Inc.
As part of a definitive agreement announced by the two companies, Bed Bath & Beyond agreed to make a cash tender offer for all outstanding shares of Cost Plus, common stock at a price of $22 per share, followed by a merger in which all shareholders that have not tendered would receive the same consideration. The acquisition is expected to close during Bed Bath & Beyond’s fiscal second quarter.
The Proskauer team was led by Mergers & Acquisition Group Partners Peter G. Samuels, Rima R. Moawad and Reid E. Arstark. The team also included Partners Andrea S. Rattner (Tax / Employee Benefits, Executive Compensation & ERISA Litigation), Alan P. Parnes (Tax), Howard Z. Robbins (Labor & Employment), Wendy J. Schriber (Real Estate) and Daryn A. Grossman (Intellectual Property); Senior Counsel Gail S. Port (Environmental) and Brian S. Rauch (Labor & Employment); and Associates Andrea N. Anderson (Real Estate), Aliza R. Cinamon (Environmental), Tiffany Comprés (Real Estate), Richard M. Corn (Tax), Ali D. Fawaz (Tax), Amanda L. Green (Corporate), Sharon Haberman (Corporate), Adam F. Halper (Corporate), Elida B. Kamine (Intellectual Property) and Marjan Ziadlou (Corporate).
Proskauer’s Mergers & Acquisitions Group has been consistently recognized by leading ranking publications for its work around the world, with Chambers USA and US Legal 500 ranking the practice in their top tier and quoting Proskauer clients about the firm’s integral role in getting their deals done. Dow Jones Private Equity Analyst named Proskauer to its list of “Most Active Law Firms” (by number of buyouts), and the firm regularly appears on Thomson Reuters, Bloomberg and MergerMarket league tables in the U.S. and globally for involvement in completed deals.
