Kendall Law Group, led by former federal judge Joe Kendall, is investigating Peet's Coffee & Tea, Inc. (NASDAQ: PEET) for shareholders in connection with the proposed acquisition by Joh. A. Benckiser, a private investment group. The national securities firm’s investigation seeks to determine whether Peet's Coffee & Tea and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Peet's Coffee & Tea shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at email@example.com.
On July 23, 2012, the companies announced the definitive merger agreement under which Peet's Coffee & Tea would be acquired by Joh. A. Benckiser, in a transaction valued at approximately $1 billion. Under the terms of the agreement, Peet's Coffee & Tea stockholders will receive $73.50 in cash for each share of Peet's Coffee & Tea/PEET common stock held. According to Thompson/First Call, analysts have set price targets as high as $95.00 per share for Peet's Coffee & Tea’s stock. The firm’s investigation seeks to determine whether Peet's Coffee & Tea and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.