NEW YORK, July 24, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Peet's Coffee
& Tea, Inc. ("Peet's" or the "Company") (Nasdaq: PEET) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Joh. A.
Benckiser.
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Click here to learn more about the investigation:
http://zlk.9nl.com/peets-coffee-tea-peet, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Peet's shareholders will
receive $73.50 per share of Peet's
stock they own. The transaction has a total approximate value of
$1 billion. The investigation
concerns whether the Peet's Board of Directors is acting in
shareholder's best interests by accepting this offer. At the close
of the merger, the Peet's Board will continue on as management.
Meanwhile, shares of Peet's stock have traded as high as
$76.82 per share as recently
April 30, 2012.
If you own common stock in Peet's and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/peets-coffee-tea-peet.
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C.
The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
The attorneys at Levi & Korsinsky have been appointed by
numerous courts throughout the country to serve as lead counsel on
behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP