Law Office of Brodsky & Smith, LLC Announces Investigation of Peet’s Coffee & Tea, Inc.
25 Luglio 2012 - 3:00PM
Business Wire
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) 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.
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