Published:
Finkelstein Thompson LLP Announces Investigation of Diedrich Coffee Inc.'s Proposed Acquisition by Peet's Coffee & Tea Inc.
WASHINGTON - (BUSINESS WIRE) - Finkelstein Thompson LLP is investigating potential claims on behalf of
shareholders of Diedrich Coffee Inc. ("Diedrich" or the "Company" )
(Nasdaq:DDRX) arising from the Company's announcement of its intent to
go private through a merger with Peet's Coffee & Tea Inc. ("Peet's" )
(Nasdaq:PEET).
On November 2, 2009, Peet's announced its intent to purchase Diedrich.
The deal is reported to be worth $213 million. Diedrich shareholders
will receive $17.33 in cash and a fractional share of Peet's common
stock valued at $8.67, for a total of $26 per share. The Company's stock
was trading as high as $31.34 in the week preceding the merger.
The investigation is focused on the potential unfairness of the
consideration to be paid to Diedrich shareholders as well as the
potential unfairness of the process by which the Diedrich Board of
Directors is addressing the transaction.
If you are interested in discussing your rights as a Diedrich
shareholder, or have information relating to this investigation, please
contact Finkelstein Thompson's Washington, D.C. offices at (877)
337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients in
financial litigation, and has been appointed as lead or co-lead counsel
in dozens of shareholder class actions. Indeed, the firm has served in
leadership roles in cases that have recovered over $1 billion for
investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our web site
at www.finkelsteinthompson.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Finkelstein Thompson LLP
Donald Enright, 202-337-8000
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