Harwood Feffer LLP Announces Investigation of Peet's Coffee & Tea, Inc.

NEW YORK, July 23, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Peet's Coffee & Tea, Inc. ("Peet's" or the "Company") (NASDAQ: PEET) concerning the proposed acquisition of the Company by Joh. A. Benckiser ("Benckiser") in a transaction valued at approximately $1 billion. 

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On July 23, 2012, it was announced that Peet's and Benckiser have entered into a definitive agreement pursuant to which Benckiser will acquire Peet's.  Under the agreement, Peet's shareholders will receive $73.50 in cash per share held.  Peet's shares have traded as high as $77.60 as recently as March 2012, and at least one analyst has set a target price for Peet's stock of $95.00 per share. 

Our investigation concerns whether the Peet's board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. 

If you own Peet's shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:bsachsmichaels@hfesq.com
Website:http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising.© 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

SOURCE Harwood Feffer LLP