A Bidding War Erupts for Diedrich Coffee

Hold on, folks. We got a bidding war on our hands! Earlier, Peet’s Coffee & Tea (PEET) made an offer to buy Diedrich Coffee (DDRX) for $26 a share. Now Green Mountain Coffee Roasters (GMCR) has jumped in with a $30 bid.

Peet’s immediately responded–they’re now willing to pay $32 a share for Diedrich!

I’m enjoying this bidding war since both Diedrich and Green Mountain are Strong Buys in our Emerging Growth service.

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