Diedrich’s Last Active Day (DDRX, PEET, GMCR)

Posted in pre-market 
December 8th, 2009

Diedrich Coffee (NASDAQ: DDRX) is finished as far as the merger saga is concerned.  Its is now no longer a merger stock with an implied call option above $35.00 per share.  Peet’s Coffee & Tea (NASDAQ: PEET) decided not to raise its offer and it actually said its $32.50 offer has expired and now only the $26.00 per share offer is on the table.  That puts the winner as Green Mountain Coffee Roasters (NASDAQ: GMCR) at $35.00 per share.  Diedrich is down 1.7% at $34.56 this morning on 85,000 shares as of 8:11 AM EST.  That will put this likely as the last day or next to last day of heavy trading volume. This saga is likely finished.


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