Peet's Coffee & Tea, Inc.
News and overview for Peet's Coffee & Tea, Inc.
Peet s Coffee & Tea Issues Statement in Response to Announcement by Diedrich Coffee of Revised Acquisition Proposal from Green Mountain Coffee Roasters [Press Release]
Business Wire | 4 hours 26 minutes ago
Peet’s Coffee & Tea, Inc. (NASDAQ: PEET) today issued the following statement after an announcement by Diedrich Coffee, Inc. (NASDAQ: DDRX) that Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) had unilaterally raised its proposed purchase price for the acquisition of Diedrich.
Peet s Coffee & Tea Increases Diedrich Coffee Acquisition Proposal to $32.00 in Cash and Stock, Expresses Confidence in Revised Offer [Press Release]
Business Wire | 1 day 4 hours 26 minutes ago
Peet’s Coffee & Tea, Inc. (NASDAQ: PEET) announced today that it delivered to the board of directors of Diedrich Coffee, Inc. (NASDAQ: DDRX) on Sunday, November 22, 2009 a proposal to enhance its previously announced offer to acquire Diedrich. Peet’s revised proposal is a cash-and-stock offer valued at $32.00 per share, or a total value of approximately $265 million, based on Peet’s closing stock price of $38.00 on Friday, November 20, 2009. Peet’s enhanced its proposal in response to notific...
Diedrich Coffee Evaluating Revised Offer From Peet's Coffee & Tea [Press Release]
PRNewswire | 22 hours 26 minutes ago
...Nov. 23 /PRNewswire-FirstCall/ -- Diedrich Coffee, Inc. today announced that, on the evening of Sunday, November 22, 2009, it received a revised offer from Peet's Coffee & Tea, Inc. offering to pay to Diedrich Coffee's stockholders...
Peet's Coffee buying Diedrich Coffee for $213M
Yahoo! | 21 days 15 hours 44 minutes ago
EMERYVILLE, Calif. – Coffee chain retailer Peet's Coffee & Tea Inc. said Monday it will buy wholesale roaster and distributor Diedrich Coffee Inc. for $213 million in a move to enter the rapidly growing single-cup coffee market.
Diedrich Coffee Evaluating Revised Offer From Green Mountain Coffee Roasters [Press Release]
PRNewswire | 1 minute ago
...of common stock of Diedrich Coffee for $32.00 per share in cash...as the merger agreement with Peet's Coffee & Tea, Inc. . GMCR submitted its revised...binding offer received by Diedrich Coffee from Peet's to pay to Diedrich Coffee...
Peet s Coffee & Tea Announces Definitive Agreement to Acquire Diedrich Coffee in Cash-and-Stock Transaction [Press Release]
Business Wire | 21 days 18 hours 40 minutes ago
Peet's Coffee & Tea, Inc. (NASDAQ: PEET) and Diedrich Coffee, Inc. (NASDAQ: DDRX) announced today that they have entered into a definitive agreement under which Peet’s will acquire Diedrich in a cash-and-stock transaction valued at $26.00 per share or a total value of approximately $213 million. The acquisition will further solidify Peet’s leading position in the specialty coffee and tea market, with premium quality brands in every segment of the category.
Green Mountain Coffee Roasters, Inc. Confirms $32.00 Per Share Revised Cash Proposal to Acquire Diedrich Coffee [Press Release]
Business Wire | 3 hours 36 minutes ago
Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) (“GMCR”) today confirmed that it has submitted a revised proposal to acquire Diedrich Coffee, Inc. (NASDAQ: DDRX) (“Diedrich”) for $32.00 per share in cash pursuant to a cash tender offer, in a transaction with a total value of approximately $265 million. GMCR believes its revised offer constitutes a superior proposal, as defined in the existing merger agreement between Diedrich and Peet’s Coffee & Tea, Inc. (NASDAQ: PEET), to Peet’s Novembe...
Green Mountain Coffee Roasters, Inc. Confirms $30.00 Per Share Cash Proposal to Acquire Diedrich Coffee [Press Release]
Business Wire | 1 day 3 hours 42 minutes ago
Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) (“GMCR”) today confirmed that it has submitted a proposal to acquire Diedrich Coffee, Inc. (NASDAQ: DDRX) (“Diedrich”) for $30.00 per share in cash pursuant to a cash tender offer, in a transaction with a total enterprise value of approximately $247 million. Separately, today Diedrich announced that the Board of Directors of Diedrich had determined that the GMCR offer constituted a superior proposal, as defined in the existing merger agreeme...
Peet's Coffee & Tea, Inc. Reports Third Quarter 2009 Results, Raises 2009 Earnings Guidance and Gives Outlook for Fiscal 2010 [Press Release]
PRNewswire | 27 days 16 hours 26 minutes ago
EMERYVILLE, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Peet's Coffee & Tea, Inc.
Peet's raises offer for Diedrich to $265M
Yahoo! | 18 hours 37 minutes ago
EMERYVILLE, Calif. – Peet's Coffee & Tea Inc., hoping for a stake in the growing single-serve coffee brewing market, on Monday boosted its bid for a wholesale roaster and distributor by 24 percent.
Campbell Soup, Peet's Coffee & Tea are big movers
Boston Globe, The | 17 hours 3 minutes ago
NEW YORKThe following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange: NYSE: LDK Solar Co., up 55 cents at $8.55 The Chinese maker of solar energy equipment reported a drop in earnings but said rising demand should boost its fourth-quarter revenue.
Green Mountain Raises Offer for Diedrich Coffee
Wall Street Journal, The | 2 hours 16 minutes ago
Green Mountain Coffee Roasters Inc. raised its bid for Diedrich Coffee Inc. to $32 a share from $30, keeping up an already-hot bidding war between Green Mountain and Peet's Coffee & Tea Inc. for the single-serve coffee brand.
Peet's Coffee raises offer for Diedrich Coffee to $32 per share, outbids Green Mountain by $2
Sun (Baltimore), The | 21 hours 38 minutes ago
Coffee chain retailer Peet's Coffee & Tea Inc. says it has raised its offer for the wholesale roaster and distributor Diedrich Coffee Inc. by about 24 percent to $265 million.
Peet's raises offer for Diedrich to $265 million
Plain Dealer (Cleveland), The | 18 hours 43 minutes ago
Peet's Coffee & Tea Inc., hoping for a stake in the growing single-serve coffee brewing market, on Monday boosted its bid for a wholesale roaster and distributor by 24 percent.
Peet's raises offer for Diedrich to $32 per share
CNBC | 1 day 39 minutes ago
EMERYVILLE, Calif. - Coffee chain retailer Peet's Coffee & Tea Inc. on Monday said it was raising its offer for wholesale roaster and distributor Diedrich Coffee Inc. to $265 million, up from the $213 million previously proposed.
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Company Overview
| Company: | Peet's Coffee & Tea, Inc. |
|---|---|
| Industry: | Specialty Eateries |
| Website: | http://www.peets.com |
Peet's Coffee & Tea enjoys the daily grind. The company owns and operates about 190 coffee shops in California and half a dozen other states offering java lovers more than 20 types of whole bean and fresh ground coffee, including about 15 blends. Its teas run the spectrum from India black to herbal blends. The stores also offer fresh brewed coffee, biscotti, and other pastries, along with mugs and brewing equipment. In addition to its retail operation, Peet's sells coffee through retail grocery chains such as Safeway and Whole Foods, and through its own online mail order operations. The company also supplies coffee to foodservice operators.
Key Numbers
| Sales in U.S. Dollars (mil.) | 284.8 (2008) |
|---|---|
| One-year % Growth in Sales | 14.2 (2008) |
| Net Income in U.S. Dollars (mil.) | 11.2 (2008) |
| One-year % Growth in Net Income | 33.3 (2008) |
| Number of Employees | 3,750 (2008) |
| One-year % Growth in Number of Employees | 2.0 (2008) |
| Fiscal Year-End | December |