Green Mountain Coffee Roasters, Inc. Confirms $30.00 Per Share Cash Proposal to Acquire Diedrich Coffee.

Business Wire › November 23, 2009

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Green Mountain Coffee Roasters, Inc. Confirms $30.00 Per Share Cash Proposal to Acquire Diedrich Coffee.

WATERBURY, Vt. -- 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 agreement between Diedrich a...

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