BALA CYNWYD, Pa., July 23, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Peet's Coffee
& Tea, Inc ("Peet's" or the "Company") (Nasdaq- PEET-News)
relating to the proposed acquisition by Joh. A. Benckiser.
("Benckiser").
Under the terms of the transaction, Peet's shareholders would
receive only $73.50 in cash for each
share of Peet's stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Peet's for not acting in the Company's
shareholders' best interests in connection with the sale process to
Benckiser. The transaction may undervalue Peet's as Peet's stock
traded at $76.75 per share on
March 27, 2012 and an analyst has
placed a $95.00 price target on the
stock.
If you own shares of Peet's stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/457-peet-peets-coffee--tea-inc.html, or by
calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC