Finkelstein Thompson LLP Announces Investigation of Diedrich Coffee Inc.’s Proposed Acquisition by Peet’s Coffee & Tea Inc.
November 05 2009 - 11:42AM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Diedrich Coffee Inc. (“Diedrich” or the
“Company”) (Nasdaq:DDRX) arising from the Company’s announcement of
its intent to go private through a merger with Peet’s Coffee &
Tea Inc. (“Peet’s”) (Nasdaq:PEET).
On November 2, 2009, Peet’s announced its intent to purchase
Diedrich. The deal is reported to be worth $213 million. Diedrich
shareholders will receive $17.33 in cash and a fractional share of
Peet’s common stock valued at $8.67, for a total of $26 per share.
The Company’s stock was trading as high as $31.34 in the week
preceding the merger.
The investigation is focused on the potential unfairness of the
consideration to be paid to Diedrich shareholders as well as the
potential unfairness of the process by which the Diedrich Board of
Directors is addressing the transaction.
If you are interested in discussing your rights as a Diedrich
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, D.C. offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
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