Beverly Hills 12/2/2009 1:00:18 AM
News / Business

Peet’s Coffee & Tea Raises Offer for Diedrich Coffee

Finance World News Update by EQUITIES Magazine

The bidding for Diedrich Coffee continued as Peet’s Coffee & Tea Inc. raised its cash-and-stock offer yesterday. Rival Green Mountain Coffee Roasters Inc., whose all-cash offer was deemed superior to Peet’s by Diedrich’s board, said it is in the process of evaluating the next steps.

 

Diedrich’s stock rose 58 cents to $33.70 while Peet’s jumped 7 cents to $32.62 and Green Mountain advanced 70 cents to $63.68.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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