Rosen Law Firm Announces Investigation of Peet’s Coffee & Tea, Inc. - PEET
July 23 2012 - 11:14AM
Business Wire
The Rosen Law Firm, P.A. is investigating the Board of Directors
of Peet’s Coffee & Tea, Inc. (NASDAQ:PEET) (“Peet’s” or the
“Company”) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Joh. A. Benckiser.
If you would like to join the action please email or call
Phillip Kim, Esq. or Laurence Rosen, Esq., toll-free, at
866-767-3653; or email at pkim@rosenlegal.com or
lrosen@rosenlegal.com. There is no cost or obligation to you.
Under the terms of the transaction, shareholders will receive
$73.50 per share for each share of Peet’s stock they own. The
transaction has a total value of approximately $1 billion. The
investigation relates to whether Peet’s Board breached its
fiduciary duties by failing to adequately shop the Company before
entering into this transaction and whether Joh. A. Benckiser is
underpaying for Peet’s shares; consequently unlawfully harming
Peet’s shareholders. Indeed, numerous analysts have set price
targets for Peet’s stock above $73.50.
If you own common stock in Peet’s stock and wish to obtain
additional information, you may also contact Phillip Kim, Esq. or
Laurence Rosen, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
lrosen@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
-------------------------------
Contact Information:
Phillip Kim, Esq.Laurence Rosen, Esq.The Rosen Law Firm P.A.275
Madison Avenue 34th FloorNew York, New York 10016Tel: (212)
686-1060Weekends Tel: (917) 797-4425Toll Free: 1-866-767-3653Fax:
(212)
202-3827pkim@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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