Peet’s Now Private as $1 Billion Acquisition Finalized

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.