Peet's Coffee & Tea extends exchange offer for acquisition of Diedrich Coffee

Emeryville, Calif. Peet's Coffee & Tea extended the expiration date of its exchange offer to acquire Diedrich Coffee for a combination of cash and stock valued at $26 per share.

As of the close of business on Jan. 29, about 16,007 shares of Diedrich common stock had been tendered into and not withdrawn from the offer.

Cooley Godward Kronish LLP is acting as Peet's legal advisor; Simpson Thacher & Bartlett LLP is acting as legal advisor on antitrust matters. Morgan Stanley and Jesse Capital Management are serving as financial advisors.