Green Mountain Coffee extends tender offer again

Waterbury, Vt. Green Mountain Coffee Roasters again extended a tender offer for a third time as it attempts to acquire Diedrich Coffee.

The offer by Green Mountain subsidiary Pebbles Acquisition Sub, which was set to expire on Monday, has been extended until May 3. The 20-day extension is the maximum allowed under the companies' acquisition agreement.

About 2.8 million shares have been tendered in the offer as of Monday.

In February, Green Mountain extended its offer by 20 days after approximately 2.3 million shares had been turned in for $35 each.

Regulators in January asked for more information about the deal. It was the second time the U.S. Federal Trade Commission asked for more details.

Before Green Mountain put in a bid, Peet's Coffee and Tea said it would buy Diedrich. Green Mountain, however paid an $8.5 million termination fee to end that deal and extend its own shopping spree.