Green Mountain Coffee Roasters, Inc. (GMCR) said it has entered into a definitive merger agreement to acquire Diedrich Coffee, Inc. (DDRX) for $35 per share in cash pursuant to a cash tender offer, in a transaction with a total value of approximately $290 million.
Green Mountain Coffee Roasters, or GMCR, intends to fully finance the transaction through cash on hand and its existing bank lines of credit. The full terms and conditions of the Green Mountain Coffee Roasters offer will be contained in the Schedule TO which is expected to be filed with the U.S. Securities and Exchange Commission later this week. GMCR anticipates the transaction to be neutral to slightly accretive within the first twelve months following the close, excluding one-time transaction expenses, and accretive thereafter.
Concurrent with entering into the merger agreement with GMCR, Diedrich terminated its previously announced merger agreement with Peet's Coffee & Tea, Inc. (PEET) following the expiration of the negotiation period granted to Peet's under the terms of the Prior Agreement. In accordance with the terms of the Prior Agreement, on behalf of Diedrich, GMCR paid a termination fee of $8.52 million to Peet's in connection with such termination.
Further, GMCR noted that it has thoroughly evaluated the transaction and is confident it can consummate the transaction promptly in early 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.