Peet's Coffee & Tea $1 Billion Sale

Palo Alto, Calif. – July 23, 2012 – Cooley LLP announced today that it is advising Peet's Coffee & Tea, Inc. in its sale to Joh. A. Benckiser (JAB).  JAB has agreed to acquire Peet's for $73.50 per share in cash, or a total of approximately $1 billion. The transaction is expected to close in approximately three months, subject to customary closing conditions, including receipt of shareholder and regulatory approvals.

At the close of the transaction, Peet's will be privately owned and will continue to be operated by the company's current management team and employees.

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Related Contacts
Kenneth Guernsey  Partner San Francisco, Palo Alto
Barbara Borden  Partner San Diego
Susan Cooper Philpot  Retired Partner San Francisco
Anna Pope  Retired Partner San Francisco
Tom Reicher  Senior Counsel San Francisco
Ann Mooney  Partner San Francisco
Mischi a Marca  Partner San Francisco
Christopher B. Durbin  Of Counsel Seattle
Soo Kim  Special Counsel New York
Amy M. Wood  Partner San Diego
Rama Padmanabhan  Partner San Diego
Megan Arthur Schilling  Partner San Diego
Howard Morse  Partner Washington, DC
Megan Browdie  Partner Washington, DC
John Paul Oleksiuk  Partner New York, Los Angeles