Peet's Coffee & Tea (PEET) boosts its offer for Diedrich Coffee (DDRX) to $32/share in cash...

|About: Diedrich Coffee, Inc. (DDRX)|By:, SA News Editor

Peet's Coffee & Tea (PEET) boosts its offer for Diedrich Coffee (DDRX) to $32/share in cash and stock, in response to a bid for Diedrich from Green Mountain Coffee Roasters (GMCR) of $30/share in cash, which Diedrich's board said was superior. Diedrich said it is evaluating the revised offer. PEET -2.5% premarket. GMCR -0.5%. DDRX +27% to $33.12.