Peet’s to Buy Diedrich Coffee
“Two coffee companies which sell their products online and through retailers are merging. They should be able to create a formidable competitor for Starbuck’s retail business outside its own stores. Diedrich (NASDAQ:DDRX) will be bought by Peet’s NASDAQ:PEET) for $26 a share or $213 million. The consideration is well above Diedrich’s current price of just over $20.”
Read the full article, “A Coffee Firm Merger Aimed At Starbucks (SBUX),” at 24/7 Wall St.
Resources:
- Diedrich Coffee
- Diedrich Coffee on NASDAQ: DDRX
- Peet’s Coffee & Tea
- Peet’s Coffee & Tea on NASDAQ: PEET
- Starbucks Coffee Company
- Starbuck Coffee Company on NASDAQ: SBUX
