Law Offices of Todd M. Garber Announces Continued Investigation of Peet’s Coffee & Tea, Inc.
July 25 2012 - 8:03PM
Business Wire
The Law Offices of Todd M. Garber 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) related to the proposed acquisition of the Company by Joh. A.
Benckiser. The transaction is valued at approximately $1 billion or
$73.50 per share.
This investigation concerns whether the Board of Directors of
Peet’s breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Its share price has
skyrocketed from $52.16 on September 21, 2011 to $75.23 on May 1,
2012. Further, at least one analyst has set a target price for the
Company’s stock at $95.00.
If you are a shareholder of Peet’s, if you have information or
would like to learn more about our investigation, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Todd M. Garber, Esquire, of the Law Offices
of Todd M. Garber, by telephone at 213-700-7262 or by email to
info@toddgarberlaw.com.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and
ethical rules.
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