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Peet's Coffee To Buy Diedrich In $213M Deal

Law360, New York (November 03, 2009) -- California coffee powerhouse Peet's Coffee & Tea Inc. has sealed a $213 million cash-and-stock deal to acquire Diedrich Coffee Inc.

The deal, announced Monday, will value Diedrich stock at $26 per share and is expected to allow Peet's to dip into the single-cup coffee market, the companies said in a...

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