IRVINE Calif. Diedrich Coffee Inc. directors reaffirmed in Friday regulatory filings their belief that the Dec. 1 all-cash acquisition offer of $35 per share by suitor Green Mountain Coffee Roasters Inc. is superior to a rival $32.50 cash-and-stock offer by Peetâ€™s Coffee & Tea Inc.That means Emeryville, Calif.-based Peetâ€™s has until 5 p.m. Monday, Dec. 7, to counter Green Mountainâ€™s offer or give up the bidding war, Diedrich said. The acquisition tussle so far has pushed the ...
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Contact: Desiree Torres Desiree.Torres@penton.com