The $1 billion acquisition of Peet’s Coffee & Tea by Joh. A. Benckiser (JAB) has been finalized, making the coffee giant private. JAB is a German investment company with holdings in a range of beauty, health and home goods companies.
As a result of the completion of the merger, Peet’s common stock ceased trading on The NASDAQ Stock Market before the opening of the market today.
Nick Brown
Nick Brown is the editor of Daily Coffee News by Roast Magazine.
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