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

|About: Peet's Coffee & Tea, Inc. (PEET)|By:, SA News Editor

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.