Peet's Coffee To Buy Diedrich In $213M Deal
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 joint statement.
Peet's will finance the acquisition using both cash on hand at both companies and $140 million of committed debt financing. The exchange offer is expected to close by the end of calendar year 2009,...
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