Peet's Coffee & Tea (PEET) recently held talks with Starbucks (SBUX) about a potential sale,...

|About: Peet's Coffee & Tea, Inc. (PEET)|By:, SA News Editor

Peet's Coffee & Tea (PEET) recently held talks with Starbucks (SBUX) about a potential sale, CNBC reports; shares rose 9.4% shortly before yesterday's close on the initial rumor. A merger would bring a lot of synergies and could double or triple Peet's business in the next two to three years, Stifel Nicolaus says. PEET +3.2% premarket.