Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Caribou Coffee Company, Inc. Shareholders

  Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of
  Caribou Coffee Company, Inc. Shareholders

Business Wire

NEW YORK -- December 20, 2012

Kirby McInerney LLP is investigating potential claims against the Board of
Directors of Caribou Coffee Company, Inc. (“Caribou” or the “Company”)
(NASDAQ: CBOU) related to the proposed acquisition of the Company by the Joh.
A. Benckiser Group (“JAB”). Under the terms of the agreement, JAB will acquire
all of the outstanding common stock of Caribou for $16.00 per share in cash,
for a total enterprise value of approximately $340 million.

The investigation concerns whether the Caribou Board of Directors violated its
fiduciary duties by agreeing to this transaction and whether the proposed
$16.00 per share consideration adequately values Caribou common shares. The
offer price represents a 30% premium to the price of shares on December 14,
2012, the day before the transaction was announced; however, shares were
trading above the offer price as recently as May 2, 2012, and they have traded
above the offer price since the transaction was announced. At least one
analyst has set a price target of $20 for the stock. Further, Caribou’s
existing management will retain its leadership role in the new company.

If you are a Caribou shareholder and wish to obtain additional information,
please contact J.Brandon Walker, Esq. by email at bwalker@kmllp.com, by
telephone at (212) 699-1145 or (888) 529-4787, or fill out a contact form.

Kirby McInerney LLP is a New York-based law firm concentrating in securities,
shareholder, whistleblower, antitrust and consumer litigation. For additional
information, please go to www.kmllp.com.

Contact:

Kirby McInerney LLP
J.Brandon Walker, Esq.
212-699-1145 or 888-529-4787
bwalker@kmllp.com
 
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