SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the ...
July 23 2012 - 12:07PM
Business Wire
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.
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
shareholders’ 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.
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