Peet's Coffee & Tea Inc. (PEET) announced that it has extended the expiration date of its exchange offer to acquire Diedrich Coffee Inc. (DDRX) for a combination of cash and stock valued at $26.00 per share.
The exchange offer, which commenced on November 17, 2009, is now scheduled to expire on March 1, 2010 unless extended. The exchange offer was previously scheduled to expire on January 29, 2010. The company said that except for the extension of the exchange offer expiration date, all other terms and conditions of the offer remain unchanged.
As of the close of business on January 29, 2010, approximately 16,007 shares of Diedrich common stock had been tendered into and not withdrawn from the offer.
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