UPDATE: Peet’s loses Diedrich, may up bid

EMERYVILLE Calif. Peet’s Coffee & Tea Inc. said Wednesday it would consider its alternatives after Diedrich Coffee Inc. deemed an all-cash buyout offer from Green Mountain Coffee Roasters Inc. to be superior to Peet’s cash and stock proposal.

Both Peet’s and Green Mountain have been courting Diedrich Coffee especially for its expertise in producing and selling specialty coffees for K-Cups used in Keurig Inc.’s popular single-cup brewing system and its roasting

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