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 Corporation2705 S. Diamond Bar Blvd., Suite 398 Diamond Bar, CA 91765Tel: (909) 595-5522 / Toll Free: (866) 864-3898Fax: (909) 595-5519 www.thelinlawfirm.com SOURCE The Lin Law Firm, A Professional Law Corporation