Peet's Coffee & Tea, Inc.
News and overview for Peet's Coffee & Tea, Inc.
Peet's Coffee buying Diedrich Coffee for $213M
Yahoo! | 20 days 6 hours 33 minutes ago
EMERYVILLE, Calif. – Coffee chain retailer Peet's Coffee & Tea Inc. said Monday it will buy wholesale roaster and distributor Diedrich Coffee Inc. for $213 million in a move to enter the rapidly growing single-cup coffee market.
Peet s Coffee & Tea Announces Definitive Agreement to Acquire Diedrich Coffee in Cash-and-Stock Transaction [Press Release]
Business Wire | 20 days 9 hours 28 minutes ago
Peet's Coffee & Tea, Inc. (NASDAQ: PEET) and Diedrich Coffee, Inc. (NASDAQ: DDRX) announced today that they have entered into a definitive agreement under which Peet’s will acquire Diedrich in a cash-and-stock transaction valued at $26.00 per share or a total value of approximately $213 million. The acquisition will further solidify Peet’s leading position in the specialty coffee and tea market, with premium quality brands in every segment of the category.
Peet's Coffee & Tea, Inc. Reports Third Quarter 2009 Results, Raises 2009 Earnings Guidance and Gives Outlook for Fiscal 2010 [Press Release]
PRNewswire | 26 days 7 hours 15 minutes ago
EMERYVILLE, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Peet's Coffee & Tea, Inc.
Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of Diedrich Coffee, Inc. [Press Release]
Business Wire | 19 days 13 hours 8 minutes ago
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Diedrich Coffee, Inc. (“Diedrich Coffee” or the “Company”) (Nasdaq:DDRX) relating to the proposed acquisition by Peet’s Coffee & Tea, Inc. (“Peet’s”). Peet’s has agreed to acquire Diedrich Coffee in a deal valued at approximately $213 million.
Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Diedrich Coffee Inc. - DDRX [Press Release]
Business Wire | 19 days 11 hours 6 minutes ago
Levi & Korsinsky is investigating the Board of Directors of Diedrich Coffee Inc. (“Diedrich Coffee” or the “Company”) (NasdaqCM: DDRX) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Peet's Coffee & Tea Inc. ("Peet's") (NasdaqGS: PEET). Under the terms of the transaction, Diedrich Coffee shareholders will receive $17.33 in cash plus a fraction of a Peet's share valued at about $8.67, based on the closing price o...
Peet's Coffee & Tea buying Diedrich Coffee for $213 million to enter single-serve brew market
Sun (Baltimore), The | 20 days 6 hours 48 minutes ago
Coffee chain retailer Peet's Coffee & Tea Inc. said Monday it will buy wholesale roaster and distributor Diedrich Coffee Inc. for $213 million in a move to enter the rapidly growing single-cup coffee market.
Finkelstein Thompson LLP Announces Investigation of Diedrich Coffee Inc. s Proposed Acquisition by Peet s Coffee & Tea Inc. [Press Release]
Business Wire | 17 days 15 hours 33 minutes ago
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).
Kendall Law Group Investigating Diedrich Coffee Inc. on Behalf of Shareholders [Press Release]
Business Wire | 13 days 15 hours 40 minutes ago
Kendall Law Group, founded by a former federal judge, began an investigation on behalf of Diedrich Coffee Inc. (NASDAQ: DDRX) shareholders. The investigation concerns possible breaches of fiduciary duty by the Board of Directors in connection with the proposed acquisition by Peet’s Coffee & Tea, Inc. This is a cash and stock transaction valued at approximately $213 million.
Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Diedrich Coffee, Inc. [Press Release]
Business Wire | 19 days 6 hours 33 minutes ago
Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of Diedrich Coffee, Inc. (“Diedrich” or the “Company”) (Nasdaq: DDRX) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by Diedrich’s Board of Directors to sell all of the Company’s outstanding shares of common stock to Peet’s Coffee & Tea, Inc. (“Peet’s”) (Nasdaq: PEET) at a price of approximately $26.00 per sh...
Diedrich Coffee Reports First Quarter Fiscal 2010 Financial Results [Press Release]
PRNewswire | 19 days 1 hour 25 minutes ago
IRVINE, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Diedrich Coffee, Inc.
CORRECTING and REPLACING Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Diedrich Coffee, Inc. [Press Release]
Business Wire | 19 days 4 hours 1 minute ago
Please replace the release with the following corrected version due to revised second graph.
Peet's Coffee & Tea buying Diedrich Coffee for $213 million to enter single-serve brew market -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 20 days 7 hours 28 minutes ago
EMERYVILLE, Calif. (AP) — Coffee chain retailer Peet's Coffee & Tea Inc. said Monday it will buy wholesale roaster and distributor Diedrich Coffee Inc. for $213 million in a move to enter the rapidly growing single-cup coffee market.
Peet's Coffee & Tea Announces Definitive Agreement to Acquire Diedrich Coffee in Cash-and-Stock Transaction
Investor's Business Daily | 20 days 8 hours 35 minutes ago
EMERYVILLE, Calif., Nov 02, 2009 (BUSINESS WIRE) -- --Companies to Host Conference Call and Webcast at 3:00 PM Pacific Time Today
Peet's Coffee Buying Diedrich Coffee for $213M
ABC News | 20 days 6 hours 53 minutes ago
Peet's Coffee & Tea buying Diedrich Coffee for $213 million to enter single-serve brew market
Bay Biz Buzz: Peet's buys Diedrich Coffee for $213 million
Oakland Tribune (Calif.), The | 20 days 6 hours 56 minutes ago
Emeryvillebased Peet's Coffee & Tea Inc. announced a $213 million deal to buy Diedrich Coffee Inc
Sign up for IDFA SmartBrief
Company Overview
| Company: | Peet's Coffee & Tea, Inc. |
|---|---|
| Industry: | Specialty Eateries |
| Website: | http://www.peets.com |
Peet's Coffee & Tea enjoys the daily grind. The company owns and operates about 190 coffee shops in California and half a dozen other states offering java lovers more than 20 types of whole bean and fresh ground coffee, including about 15 blends. Its teas run the spectrum from India black to herbal blends. The stores also offer fresh brewed coffee, biscotti, and other pastries, along with mugs and brewing equipment. In addition to its retail operation, Peet's sells coffee through retail grocery chains such as Safeway and Whole Foods, and through its own online mail order operations. The company also supplies coffee to foodservice operators.
Key Numbers
| Sales in U.S. Dollars (mil.) | 284.8 (2008) |
|---|---|
| One-year % Growth in Sales | 14.2 (2008) |
| Net Income in U.S. Dollars (mil.) | 11.2 (2008) |
| One-year % Growth in Net Income | 33.3 (2008) |
| Number of Employees | 3,750 (2008) |
| One-year % Growth in Number of Employees | 2.0 (2008) |
| Fiscal Year-End | December |
