Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Kendall Law Group Investigating Diedrich Coffee Inc. on Behalf of Shareholders

DALLAS - 
      Kendall Law Group, founded by a former federal judge, began an 
      investigation on behalf of Diedrich Coffee Inc. (NASDAQ: DDRX) 
      shareholders. The investigation concerns possible breaches of fiduciary 
      duty by the Board of Directors in connection with the proposed 
      acquisition by
Posted : Mon, 09 Nov 2009 16:35:41 GMT
Author : Kendall Law Group
Category : Press Release
News Alerts by Email ( click here )
Press Release News | Home
DALLAS - (Business Wire) Kendall Law Group, founded by a former federal judge, began an investigation on behalf of Diedrich Coffee Inc. (NASDAQ: DDRX) shareholders. The investigation concerns possible breaches of fiduciary duty by the Board of Directors in connection with the proposed acquisition by Peet’s Coffee & Tea, Inc. This is a cash and stock transaction valued at approximately $213 million.

According to the agreement, Diedrich shareholders will receive $17.33 in cash and 0.315 share of Peet’s stock, which is $8.67 based on the closing price of Peet’s on the last trading day before the announcement. This provides shareholders approximately $26.00 for their Diedrich stock, while it traded at $31.34 as recently as October 26, 2009.

Former federal judge Joe Kendall said, “the investigation concerns whether the consideration to be paid to shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Diedrich and whether the directors and special committee members may have breached their fiduciary duties by not acting in the shareholders’ best interests in connection with the sale process.”

If you are a current holder of DDRX stock and would like additional information concerning this proposed transaction, including your shareholder rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former state and federal judge, a former United States Attorney, and experienced securities lawyers.

Kendall Law Group, LLP
Hamilton Lindley, 214-744-3000
Toll Free: 877-744-3728
Facsimile: 214-744-3015
hlindley@kendalllawgroup.com
www.kendalllawgroup.com


Copyright © 2008 Business Wire. All rights reserved.
Share/Save/Bookmark

Article : Kendall Law Group Investigating Diedrich Coffee Inc. on Behalf of Shareholders
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Given Imaging Launches Next-Generation PillCam(R) COLON 2 at GASTRO 2009 Conference
YOQNEAM, ISRAEL -- 11/23/09 -- Given Imaging Ltd. (NASDAQ: GIVN), the global leader in capsule endoscopy, today announced the launch of its second-generation PillCam® COLON capsule at the Gastro 2009 Conference taking place in London. Like Gi..

RockBridge Update on BC Oil & Gas Properties Winter Program
VANCOUVER, BRITISH COLUMBIA -- 11/23/09 -- RockBridge Energy Inc. (RockBridge) (TSX VENTURE: RBE) announces that the operator of the Drake and Woodrush oil and gas properties in northern B.C., in which RockBridge has a working interest, has provide..

China Mobile Becomes First to Sell Dell Mini 3i Smart Phones
BEIJING - China Mobile will soon become the first mobile operator to sell the Mini 3i, a sleek and slim new multi-touch smart phone from Dell designed to leverage the power, flexibility and applications of China Mobile's new OPhone and Mobile Market platforms. Available in Red Passion and Oi

Gemalto in exclusive talks with XIRING to acquire XIRING’s banking activity
AMSTERDAM & SURESNES, France - Regulatory News: Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security and XIRING, a leader in smart card based strong authentication solutions for e-banking and e-commerce, today announced that they have entered

Unified Communications Is Migrating to ‘The Cloud’, Says In-Stat
SCOTTSDALE, Ariz. - Unified communications is migrating to ‘the cloud’, as vendors begin positioning it as a service rather than a product, reports In-Stat (

Kudelski Group Pleased with Overwhelming Support for OpenTV Tender Offer
CHESEAUX, Switzerland - The Kudelski Group (SIX: KUD.VX) today announced the final extension of the previously announced subsequent offering period of its tender offer to acquire all outstanding Class A shares of OpenTV Corp. (NASDAQ: OPTV) not already owned by Kudelski or its subsidiaries f

AOL PREVIEWS NEW BRAND IDENTITY FOR ITS FUTURE AS AN INDEPENDENT CONTENT DRIVEN COMPANY
NEW Aol. BRAND EXPRESSES COMMITMENT TO STIMULATING CONTENT, OPENNESS AND INCLUSION AOL today previewed its new brand identity for its future as an independent company committed to creating the world's most simple and stimulating content and online experiences. The n...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.