Bed Bath & Beyond Inc. CEO Steven Temares received compensation the company valued at $8.5 million during the past fiscal year, an increase of 32 percent as the company's sales inched up slightly but profit fell and its largest competitor liquidated, according to a regulatory filing.Temares' base salary rose 20 percent to almost $1.5 million in 2008 from $1.3 million the year before, according to a filing submitted Tuesday evening to the Securities and Exchange Commission.The 50-year-old...Read Full Story
Yesterday, the market closed with mixed results. The three major indices closed practically unchanged in relation to a previous day. However, these numbers hide a significant increase in volatility. Therefore, our Stock Picks System detected a high number of stocks that moved up or down in prices significantly. We found many new highs and some breakouts. One of these is Bed Bath & Beyond (BBBY). This stock closed yesterday at US$ 65.47 experiencing a rise of 4.67%. Its volume was 6.1 Millions...Read Full Story
NEW YORK (AP) — Bed Bath & Beyond Inc. said Wednesday it agreed to buy smaller home goods retailer Cost Plus Inc. for about $495 million, following a collaboration that put a specialty food department in some Bed Bath & Beyond stores showed promise.Read Full Story
UNION, N.J. (AP) — Bed Bath & Beyond Inc. is buying home goods retailer Cost Plus Inc. for about $495 million as it looks to offer a bigger variety of products to its customers.Read Full Story
RTT NewsBed Bath & Beyond 2Q Profit Up 34%; Year View IncreasedWall Street JournalBed Bath & Beyond Inc.'s (BBBY) fiscal second-quarter earnings rose 34% as the housewares retailer posted its fourth straight quarter of double-digits sales growth, both better than predicted. Shares were up 5.8%, at $44.50 after hours, as the company ...Bed Bath tops estimates; shares upReutersRed Hat, Bed Bath & Beyond results dueMarketWatchBed, Bath And Buyer Be HappyBenzingaRTT News -Beacon Equity Research...Read Full Story
Bed Bath & Beyond has announced plans to acquire Cost Plus, Inc. in an all cash transaction. The Boards of Directors of both companies have unanimously approved the terms of the transaction. The acquisition is expected to close during Bed Bath & Beyond Inc.'s fiscal second quarter.
Steven H. Temares, CEO of Bed Bath & Beyond says, "We are thrilled about the prospects of welcoming the Cost Plus team and their customers and vendors to the Bed...
Bed Bath & Beyond Inc. has agreed to buy Cost Plus Inc. for $22 per share or $495 million.
As part of the agreement, Oakland, Calif.-based Cost Plus will become a wholly owned subsidiary of Bed Bath & Beyond (NASDAQ: BBBY).
There are 259 Cost Plus World Market stores in 30 states, including four in San Antonio.
Bed Bath & Beyond operates more than 1,100 stores, including five in San Antonio, and more than 48,000 employees.
Both companies...
Bed Bath & Beyond buying Cost Plus for $495M
UNION, N.J. (AP) — Bed Bath & Beyond Inc. is buying home goods retailer Cost Plus Inc. for about $495 million as it looks to offer a bigger variety of products to its customers.
Bed Bath & Beyond said Wednesday that it will pay $22 for each Cost Plus share, a 22 percent premium to Cost Plus' closing price of $17.99 on Tuesday.
Bed Bath & Beyond agreed to buy its rival Cost Plus for $495 million, or $22 a share, the Tampa Bay Times reports.
No store closings or jobs cuts are expected to occur in the acquisition.
Cost Plus Inc. has 259 stores in 30 states, including one in Winter Garden. Bed Bath & Beyond has four stores in Central Florida.
UNION, N.J. & OAKLAND, Calif.--(BUSINESS WIRE)--Bed Bath & Beyond Inc. (NASDAQ: BBBY) and Cost Plus, Inc. (NASDAQ: CPWM) today jointly announced that they have entered into a definitive agreement under which Bed Bath & Beyond Inc. will acquire Cost Plus, Inc. in an all cash transaction. Bed Bath & Beyond Inc. has agreed to make a cash tender offer for all outstanding shares of Cost Plus, Inc. common stock at a price of $22 per share, followed...
CEO Steven Temares has been the chief executive officer of Bed Bath & Beyond Inc since 2003. He is 47 years old. Follow Mr. Temares and Bed Bath & Beyond Inc in the news and blogs or share your own opinion about the company and its leadership.