EMERYVILLE, Calif. -- Peet's Coffee & Tea is being taken private by a German conglomerate for approximately $977.6 million.
Privately held Joh. A. Benckiser, which invests in consumer goods brands, will pay $73.50 a share, or about $1 billion. The stock closed Monday at $73.05 on the Nasdaq exchange after closing at $57.16 Friday.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.