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Peet’s swallowed up by German conglomerate

Monday, July 23, 2012

imagesqtbnANd9GcQWNGRzDBNUTZrBVzejCPeet’s Coffee and Tea, the Emeryville-based namesake of the late coffee roaster Alfred Peet, who founded his first coffee shop in Berkeley in 1966, is about to be swept up by a German conglomerate. Joh. A. Benckiser is paying $73.50 a share—or about $978 million—to take the home-grown coffee chain private. AP

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