Diedrich chooses Green Mountain over Peet’s

WATERBURY Vt. Green Mountain Coffee Roasters Inc. said Tuesday that it has entered into a definitive merger agreement to acquire Diedrich Coffee Inc. for $35 per share in cash, or about $290 million, marking the end of a bidding war with Peet’s Coffee & Tea Inc.

Green Mountain said it believes it can close the deal for Irvine, Calif.-based Diedrich by early next year.

Separately, Diedrich said it terminated an earlier merger agreement

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