Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Diedrich Coffee, Inc.
November 03 2009 - 8:42PM
Business Wire
Attorney Advertising. Notice is hereby given that Stull, Stull
& Brody has commenced an investigation on behalf of
shareholders of Diedrich Coffee, Inc. (“Diedrich” or the “Company”)
(Nasdaq: DDRX) for possible breaches of fiduciary duty and other
violations of state law in connection with an agreement by
Diedrich’s Board of Directors to sell all of the Company’s
outstanding shares of common stock to Peet’s Coffee & Tea, Inc.
(“Peet’s”) (Nasdaq: PEET) at a price of approximately $26.00 per
share in cash and stock.
If you own the common stock of Diedrich and wish to obtain
additional information about this matter, please contact Stull,
Stull & Brody at the toll-free number listed below. Stull,
Stull & Brody has litigated many class actions for violations
of securities laws and breaches of fiduciary duties on behalf of
defrauded investors over the past 40 years and has obtained court
approval of substantial settlements on numerous occasions.
The investigation concerns the price to be paid by Peet’s to
Diedrich shareholders and the process by which Diedrich’s Board of
Directors is addressing the transaction. Under the terms of the
proposed transaction, Diedrich shareholders will receive a
combination of $17.33 in cash and a fraction of a share of Peet’s
common stock not to exceed 0.315 of a Peet’s common share.
Diedrich’s stock was trading at $31.34 per share as recently as
October 26, 2009, and at least one analyst has set a price target
for Diedrich stock at $35.00 per share
If you wish to discuss this matter or have any questions
concerning this notice or your rights or interests with respect to
this matter, please contact Aaron Brody, Esq. at Stull, Stull &
Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to
ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East
45th Street, New York, NY 10017.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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