Green Mountain Buys Diedrich Coffee For $35/Share
By BenzingaStaff3
December 08, 2009 8:50 AM
December 08, 2009 8:50 AM
A day after Peet's Coffee & Tea, Inc. (NASDAQ: PEET) said that it would not raise its offer price ($32.50 per share), Diedrich Coffee, Inc. (NASDAQ: DDRX) today accepted a $35 a share offer from Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR).
On December 02, Green Mountain had raised its all-share offer by $25 million to $290 million.
In the pre-market session, DDRX is down 1.51% to $34.62.
On Monday, GMCR closed at $60.40.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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