LOS ANGELES, July 24, 2012 /PRNewswire/ -- The Lin Law Firm, A
Professional Law Corporation, is investigating potential claims for
breaches of fiduciary duty 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 for $73.50 per
share.
This investigation concerns whether the Company's Board of
Directors breached their fiduciary duties to shareholders by
failing to maximize shareholder value and adequately compensate
shareholders, whether they acted in shareholders' best interests,
and whether the Company has disclosed all material information to
its shareholders. As recently as late April and early May,
2012, the price of Peet's common stock traded higher than the
proposed acquisition price. In addition, some analysts have
set target prices for Peet's of between $80
and $95 per share.
If you currently own shares of Peet's and would like to learn
more about these claims, or if you wish to discuss these matters
and have any questions concerning this announcement or your rights,
please contact Elizabeth Lin, Esq.,
The Lin Law Firm, by telephone at (909) 595-5522 or toll-free at
(866) 864-3898, or by email to elizabethL@thelinlawfirm.com.
The Lin Law Firm, A Professional Law Corporation, is a
litigation law firm committed to representing investors nationwide
in securities matters and protecting investors against corporate
wrongdoing. For additional information, please visit
www.thelinlawfirm.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Contact:
Elizabeth Lin, Esq.
The Lin Law Firm, A Professional Law Corporation
2705 S. Diamond Bar Blvd., Suite 398
Diamond Bar, CA 91765
Tel: (909) 595-5522 / Toll Free: (866) 864-3898
Fax: (909) 595-5519
www.thelinlawfirm.com
SOURCE The Lin Law Firm, A Professional Law Corporation