Peet's extends deadline date for Diedrich offer

by Eric Schroeder
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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the close of business on Jan. 29, approximately 16,007 shares of Diedrich common stock had been tendered into and not withdrawn from the offer.

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