Tags · Peet’s Coffee
Let the Bidding Begin: Peet’s vs. Green Mountain
Monday, November 23rd, 2009
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.”
Peet’s to Buy Diedrich Coffee
Wednesday, November 4th, 2009“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