Bed Bath & Beyond's shares tumble
AP Retail Writer NEW YORK Bed Bath & Beyond's shares tumbled a day after the home goods seller forecast weaker earnings than Wall Street expected as concern spread about the company's health in view of the wobbling economy.
Officials from Union, NJ-based Bed Bath & Beyond Inc. and Oakland, Calif.-based Cost Plus Inc. said today that Bed Bath & Beyond will acquire Cost Plus in an all-cash tender offer of $22 per share for all outstanding shares of Cost Plus common stock, for a total cost of $495 million.