Kendall Law Group investigating Diedrich Coffee
Dallas Kendall Law Group said on Monday it began an investigation on behalf of Diedrich Coffee 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.
This is a cash and stock transaction valued at approximately $213 million.
“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,” Joe Kendall of the firm said.
Target announces more toy price cuts
MINNEAPOLIS Target announced that it is offering more than 400 additional price cuts on popular toy brands including Fisher Price, Ni Hao Kai Lan, Barbie, LIV, Furreal, Star Wars, Ben 10 and Air Hogs.
“We want to help our guests get the best value within their budget this holiday season,” said Tony Fisher, Target divisional merchandising manager, toys and sporting goods. “With our spectacular savings and assortment of toys and games, gift givers will find everything they need all in one place.”
The retailer also released its holiday toy catalog that includes deals on popular toys from Little People, Fisher Price, Hot Wheels, Tonka, and Leapfrog.
Target matches Walmart DVD promotion
MINNEAPOLIS Target.com has matched Walmart.com’s DVD deals, announcing that it too will offer highly-anticipated DVD titles for $10. In addition, the discounted pre-order DVDs will qualify for free site-to-home shipping.
“This holiday season, and every day of the year, we are committed to ensuring that our guests know they can find outstanding values at Target.com,” said Steve Eastman, president of Target.com.
The $10 DVDs include Star Trek XI, Night at the Museum: Battle of the Smithsonian and Harry Potter and the Half-Blood Prince.