Peet’s also announced that it has extended the expiration date of its exchange offer to acquire Diedrich for a combination of cash and stock valued at $26 per share.
The exchange offer, which commenced on 17 November 2009, is now scheduled to expire at 12:00 midnight (one minute after 11:59pm) EST on 29 January 2010 unless extended.
Except for the extension of the exchange offer expiration date, all other terms and conditions of the offer remain unchanged. As of the close of business on 14 December 2009, approximately 5,126 shares of Diedrich common stock had been tendered into and not withdrawn from the offer.
Source: Peet’s Coffee & Tea
© FoodBev Media Ltd 2024