Peet's and Green Mountain vying for Diedrich Coffee

Diedrich Coffee is at the center of a bidding war between Green Mountain Coffee Roasters, which offered $30 a share, and Peet's Coffee & Tea, which is now up to $32 a share. Both companies believe the acquisition will provide leverage in the fast-growing single-serve K-cup market.

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Wall Street Journal, The · Star Tribune (Minneapolis-St. Paul, Minn.)

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