Peet’s Ups Bid as it Duels Green Mountain for Diedrich Coffee

USA Today reports that coffee chain retailer Peet’s Coffee & Tea said Monday it has raised its offer for the wholesale roaster and distributor Diedrich Coffee about 24% to $265 million. Peet’s (PEET) said Monday its revised proposal is valued at $32 a share, up from the $26 a share, or $213 million, proposed in November. It includes stock and cash.