NEW YORK, July 23, 2012 /PRNewswire/ -- Bronstein, Gewirtz
& Grossman, LLC is investigating potential claims against the
Board of Directors of Peet's Coffee & Tea, Inc.("Peet's Coffee"
or the "Company") (NasdaqGS:Peet) related to the proposed
acquisition of the Company by German holding company, Joh A.
Beckiser. The transaction is valued at approximately $1 billion or $73.50 per share.
This investigation concerns whether the Board of Directors of
Peet's Coffee 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. On Monday, Peet's Coffee announced it set to be
acquired by Jon A. Beckiser for $73.50 a share. The offer represents a
28.6% premium to Peet's Coffee Friday close of $57.16 a share. The offer Price of
$73.50 is below the 52 week high of
$77.60.
If you are aware of any facts relating to this investigation, or
purchased shares of Peet's Coffee, you can assist this
investigation by contacting either Peretz
Bronstein or Eitan Kimelman
of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via
email eitan@bgandg.com. Those who inquire by e-mail are encouraged
to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com
SOURCE Bronstein, Gewirtz & Grossman, LLC