Peet’s Coffee & Tea Co. plans to buy Diedrich Coffee Inc. for $213 million in cash and stock.
Emeryville-based Peet’s (NASDAQ: PEET) will pay $26 per share for Irvine-based Diedrich, which has about 150 workers. Diedrich’s brands include Gloria Jean’s, Black Tiger and Flor de Apanas.
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