July 23, 2012 at 05:52 PM
1 minute read
A decade after going public, Peet’s Coffee & Tea has agreed to be taken private by German conglomerate Joh. A. Benckiser for $974 million.
The deal sees JAB pay $73.50 per share in cash for the Emeryville-based specialty coffee maker, a 29 percent premium over Peet’s Friday closing price.
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