Peet’s has until Monday to win Diedrich

IRVINE Calif. Diedrich Coffee Inc. directors reaffirmed in Friday regulatory filings their belief that the Dec. 1 all-cash acquisition offer of $35 per share by suitor Green Mountain Coffee Roasters Inc. is superior to a rival $32.50 cash-and-stock offer by Peet’s Coffee & Tea Inc.

That means Emeryville, Calif.-based Peet’s has until 5 p.m. Monday, Dec. 7, to counter Green Mountain’s offer or give up the bidding war, Diedrich said.

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