Tags · Green Mountain Coffee Roasters Inc.
Let the Bidding Begin: Peet’s vs. Green Mountain
Monday, November 23rd, 2009“A bidding war is brewing for Diedrich Coffee Inc. with two competitors vying for control of the single-serve coffee brand.
Peet’s Coffee & Tea Inc. on Monday raised its earlier $26-a-share offer for Diedrich to $32 a share in cash and stock, or $265 million, after Green Mountain Coffee Roasters Inc. said it proposed buying the company for $30 a share in cash. Diedrich’s board is now reviewing both proposals.”
Read the full The Wall Street Journal article, “Bidding War Spills From Popularity of Coffee Pods.”
