Peet’s Coffee & Tea Inc <PEET.O> said on Monday it struck a deal to be acquired by Joh. A. Benckiser for about $1 billion, a move that will give Peet’s a financial jolt as it competes against larger coffee and tea shops and will broaden the reach of Germany’s Reimann family in the coffee business.The offer price of $73.50 per share in cash represents a premium of nearly 29 percent over Peet’s July 20 closing stock price of $57.16. Read More