Incited by a competing offer by Green Mountain Coffee Roasters Inc. for $30 per share in cash for the wholesale roaster and distributor, the coffee chain retailer bumped their offering to $32 per share.
Diedrich shares leapt $6.88, or 26 percent, to $32.87 while share of Peet’s declined $3.15, or 8.3 percent, to $34.85 in morning trading.
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