Investor Relations


JAB Completes Acquisition of Peet's Coffee & Tea, Inc.

On October 29, 2012, Peet's Coffee & Tea, Inc. and Joh. A. Benckiser ("JAB") announced the successful completion of the acquisition of Peet's by JAB for $73.50 per share in cash, or a total of approximately $1 billion. The transaction was approved by Peet's shareholders at a special meeting of shareholders held on October 26, 2012. As a result of the completion of the merger, Peet's common stock ceased trading on The NASDAQ Stock Market before the opening of the market on October 30, 2012. In addition to JAB, BDT Capital Partners, LLC, a Chicago-based merchant bank that provides long-term private capital solutions to closely held companies, is a minority investor in this transaction.

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2015-10-10 04:09:46

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