NEW YORK, NY--(Marketwire -07/25/12)- Levi & Korsinsky notifies investors of Peet's Coffee & Tea, Inc. ("Peet's" or the "Company") (PEET) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Joh. A. Benckiser. A complaint was filed in Californa state court.
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 claims concern 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 email@example.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.