Peet's Coffee & Tea, Inc. (PEET) - NASDAQ
PEET is defunct.
  • Apr. 12, 2013, 3:25 AM

    A consortium led by Joh A Benckise (JAB) has agreed to acquire D.E. Master Blenders 1753 for €12.50 a share in a deal that values the maker of Douwe Egberts coffee and Pickwick tea at €7.5B. The price is lower than the €12.75 mentioned when the sides first disclosed talks about a transaction in March. The purchase would add to JAB's stakes in Peet's (PEET) and Caribou Coffee (CBOU). (PR)

    | Apr. 12, 2013, 3:25 AM
  • Apr. 11, 2013, 8:24 AM
    Joh. A. Benckiser is reported to be set to finalize its bid for D.E. Masters Blenders with bank financing in place. The coffee company already holds a stake in Peet's (PEET) and Caribou Coffee (CBOU).
    | Apr. 11, 2013, 8:24 AM
  • Mar. 28, 2013, 7:02 AM

    D.E. Master Blenders is in buyout talks with a group of private investors led by Joh. A. Benckiser. for a deal price close to €7.6B ($9.7B). Benckisers already owns stakes in coffee players Peet's (PEET) and Caribou Coffee (CBOU). Shares of D.E. Master Blenders are up 26% in Amsterdam trading.

    | Mar. 28, 2013, 7:02 AM
  • Jul. 23, 2012, 9:06 AM

    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.

    | Jul. 23, 2012, 9:06 AM | 8 Comments
Company Description
Peet’s Coffee & Tea is a specialty coffee roaster and marketer of fresh roasted whole bean coffee and tea. We sell our coffee under strict freshness standards through multiple channels of distribution including grocery stores, home delivery, office, restaurant and foodservice accounts and... More
Industry: Processed & Packaged Goods
Country: United States