NEW YORK, July 23, 2012 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities law firm, announces that it is
investigating the Senior Management and the Board of Directors of
Peet's Coffee & Tea, Inc. (NASDAQ: PEET) for possible breaches
of fiduciary duty and other violations of state law.
Peet's Coffee & Tea, Inc. and Joh. A. Benckiser ("JAB")
today announced that they have entered into a definitive agreement
under which JAB will acquire Peet's for $73.50 per share in cash, or a total of
approximately $1 billion. At the
close of the transaction, Peet's will be privately owned and will
continue to be operated by the company's current management
team
The investigation concerns, among other things, whether the
consideration to be paid to Peet's shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
Peet's, and whether the senior management of Peet's are putting
their own self-interests ahead of that of the Company's
shareholders. Indeed, analysts project that the company's
true going forward inherent value is at least $95 per share.
If you own common stock in Peet's and wish to obtain additional
information, please contact us at:
Tripp Levy PLLC
Toll free: 877-772-3975
Email: contact@tripplevy.com
www.tripplevy.com
SOURCE Tripp Levy PLLC