Peet’s Coffee & Tea, Inc. (PEET) Is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties
July 27 2012 - 8:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Peet’s Coffee & Tea, Inc. (“Peet’s Coffee” or the
“Company”) (NASDAQ: PEET) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Joh. A. Benckiser in a going-private deal valued at
approximately $977.6 million. Under the terms of the proposed
transaction, Peet’s Coffee stockholders will receive $73.50 in cash
for each share of Peet’s Coffee they own, while according to Yahoo!
Finance, at least one financial analyst has set a price target of
$95.00 for Peet’s Coffee.
Request more information now by clicking here:
www.faruqilaw.com/PEET. There is no cost or
obligation to you.
Whether the Board of Directors of Peet’s Coffee breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Peet’s Coffee shares and by how much this proposed
transaction undervalues the Company to the detriment of Peet’s
Coffee shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Peet’s Coffee and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/PEET or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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