Published: Tuesday, Nov. 03, 2009 / Updated: Tuesday, Nov. 03, 2009 08:50 PM
Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Diedrich Coffee, Inc.
NEW YORK --
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 share in cash and stock.
If you own the common stock of Diedrich and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.
The investigation concerns the price to be paid by Peet’s to Diedrich shareholders and the process by which Diedrich’s Board of Directors is addressing the transaction. Under the terms of the proposed transaction, Diedrich shareholders will receive a combination of $17.33 in cash and a fraction of a share of Peet’s common stock not to exceed 0.315 of a Peet’s common share. Diedrich’s stock was trading at $31.34 per share as recently as October 26, 2009, and at least one analyst has set a price target for Diedrich stock at $35.00 per share
If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.
Attorney advertising. Prior results do not guarantee a similar outcome.
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