date:Jul 25, 2012
San Franciso-based Peet's has secured board-level approval for the $73.50 per share deal, which represents a premium of approximately 29% over Peet's closing stock price onJuly 20 2012.
Peet's will be delisted from the NASDAW, and Patrick O'Dea, President and CEO of Peet's, said of the deal:We are very excited about this next chapter in Peet's rich history.
Over many years we've demonstrated an unyielding commitment to craft coffees and teas of uncompromised quality. This commitment is what