Green Mountain Coffee Roasters (GMCR) has answered Peet’s Coffee & Tea’s (PEET) bid with a $35 a share offer for Diedrich Coffee (DDRX). The original offer from Peet’s was for $26 a share. It will be interesting to see if Peet’s will respond. I’m currently working on the December issue of Emerging Growth and I’ll have more to say on the coffee bidding wars.
