Peet’s Coffee To Go Private In $978M Joh. A. Benckiser Buy

Law360, New York (July 23, 2012, 2:02 PM EDT) -- German conglomerate Joh. A. Benckiser GmbH on Monday unveiled its planned $977.6 million Peet’s Coffee & Tea Inc. buy, bringing the company private and fleshing out the food and drink holdings of an investment firm better known for its luxury products.

Investors in the Emeryville, Calif.-based company, a leading specialty coffee and tea purveyor in the U.S., would receive $73.50 in the deal, representing a 29 percent premium over the Peet’s closing price Friday.

For JAB, which has historically hinged its investments in household and personal...
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