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.

More Louis Navellier

Twitter

Facebook

RSS Feed

Little Book

InvestorPlace Network

InvestorPlace.com