GMCR’s tender offer for all outstanding shares of Diedrich Coffee common stock expired at midnight, Eastern Time, on Monday 10 May 2010.
As of the tender offer’s expiration time, approximately 5,446,334 shares had been tendered and not properly withdrawn pursuant to the tender offer, which represented approximately 95.06% of the outstanding shares as of the tender offer’s expiration date.
GMCR and the wholly owned subsidiary through which it conducted the tender offer, Pebbles Acquisition Sub Inc, accepted for payment all shares that were validly tendered and not properly withdrawn, and paid for these shares in accordance with the tender offer’s terms.
Subsequent to the tender offer, GMCR effected the merger of Purchaser with and into Diedrich Coffee, with Diedrich Coffee being the surviving corporation, 11 May 2010. As a result of the merger, Diedrich Coffee has become a wholly owned subsidiary of GMCR.
Source: Green Mountain Coffee Roasters
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