Peet's extends deadline date for Diedrich offer

by Eric Schroeder
Share This:

EMERYVILLE, CALIF. — Peet’s Coffee & Tea, Inc. has extended the expiration date of its exchange offer to acquire Diedrich Coffee, Inc. to March 1. The exchange offer for a combination of cash and stock valued at $26 per share previously was scheduled to expire at midnight on Jan. 29.

Peet’s said all other terms and conditions of the offer remain unchanged. As of the close of business on Jan. 29, approximately 16,007 shares of Diedrich common stock had been tendered into and not withdrawn from the offer.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.