Peet’s Buyout Stirs Coffee Stocks Early
July 23, 2012 at 09:36 AM EDT
Trading in Peet’s Coffee & Tea (PEET) was halted after private investment firm Joh. A. Benckiser agreed to buy it for $73.50 per share, or about $1 billion. The purchase price was a 29% premium to its Friday closing price. Benckiser, the investment vehicle for Germany’s Reimann family, owns stakes in various consumer-focused companies, including [...]
