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Peet's Coffee (PEET) is being acquired by German holding company Joh A. Benckiser for...

  • Monday, July 23, 2012, 9:06 AM ET
    Peet's Coffee (PEET) is being acquired by German holding company Joh A. Benckiser for $73.50/share in cash, or $1B. The price represents a 28.6% premium to Peet's Friday close. Shares are halted. SBUX -3.1%, lower with the market. GMCR +5.4%. JVA +16.4%. DNKN could also be volatile.
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This news story has 8 comments:

  •  
    hopefully the Joh A. Beckiser can improve Peet's coffee of the day. If the founder knew of it's decline, he would not approve.
    23 Jul 2012, 09:15 AM Reply Like
  •  
    Peet's coffee shops do really well here in CA. They are constantly busy. I always buy Peet's coffee. I love it!
    23 Jul 2012, 10:14 AM Reply Like
  •  
    i love Peet's Italian Roast espresso, Blue Bottle more so on a constant basis.

    But Daily Coffee reminds me of Sxxxbucks.

    Hope the Germans return Peets to absolute magnificance!
    23 Jul 2012, 10:31 AM Reply Like
  •  
    Strong German/Austrian espresso with cold fresh whipped cream or hot pouring cream might be a nice development at Peet's now they are German-owned. And bring on the sachertorte to go with the coffee, I say!
    23 Jul 2012, 12:25 PM Reply Like
  •  
    What is wrong with being reminded of Starbucks Sam Liu? :) I am long on SBUX.
    23 Jul 2012, 12:48 PM Reply Like
  •  
    As Louis once said: "if you have to ask, you just won't understand".
    23 Jul 2012, 01:34 PM Reply Like
  •  
    SBUX-- water downed espresso!

    In its growth it forgot or never was representative of the coffee drinkers experience.

    To coffee lovers, it sucks, but to cold capitalists, it is wonderful.
    And for society it is wonderful providing jobs globally for hundreds of thousands if not millions.

    SBUX is successful in cn, because it has successfully sold the middle kingdom a bill of goods.

    Lets just hope SBUX pays its fair share of taxes.
    23 Jul 2012, 07:03 PM Reply Like
  •  
    Hi guys can anyone explain to me the basics here please? why the german bougth this almost 30% of the shares at a higher price? why he wont went into the mkt and bought at the mkt price?

    Many tks for your help
    24 Jul 2012, 03:03 PM Reply Like
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