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Green Mountain Coffee Roasters, Inc. Extends Tender Offer

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Speedster900   Friday, 01/08/10 07:43:34 PM
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Green Mountain Coffee Roasters, Inc. Extends Tender Offer to Acquire Diedrich Coffee 01/08 05:08 PM



WATERBURY, Vt.--(BUSINESS WIRE)-- Green Mountain Coffee Roasters, Inc. (GMCR:$81.85,00$0.27,000.33%) today announced that Pebbles Acquisition Sub, Inc. (“Purchaser”), a wholly owned subsidiary of GMCR, has extended its previously announced $35.00 per share cash tender offer to purchase all outstanding shares of common stock of Diedrich Coffee, Inc. (DDRX:$34.92,00$0.00,000.00%) (“Diedrich Coffee”). The tender offer was scheduled to expire at midnight, New York City time, on Monday, January 11, 2010. In accordance with the terms of the merger agreement among GMCR, Purchaser and Diedrich Coffee (DDRX:$34.92,00$0.00,000.00%) , the tender offer has been extended 20 business days to expire at midnight, New York City time, on Friday, February 5, 2010, unless further extended. All other terms and conditions of the tender offer remain unchanged.
As of 4:30 p.m., New York City time, on January 8, 2010, approximately 1,255,292 shares have been tendered into the tender offer and not withdrawn. The tender offer is subject to customary closing conditions, including, among other things, regulatory approvals. The Board of Directors of Diedrich Coffee (DDRX:$34.92,00$0.00,000.00%) has recommended that Diedrich Coffee (DDRX:$34.92,00$0.00,000.00%) stockholders tender their shares into the tender offer. Questions and requests for assistance regarding the tender offer may be directed to the Information Agent for the offer, Okapi Partners LLC, toll-free at (877) 274-8654.
BofA Merrill Lynch is serving as financial advisor to GMCR on this transaction and Ropes & Gray LLP is serving as its legal advisor.
About Green Mountain Coffee Roasters, Inc. (GMCR:$81.85,00$0.27,000.33%)
As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. (GMCR:$81.85,00$0.27,000.33%) is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR’s operations are managed through two business units. The Specialty Coffee business unit produces coffee, tea and hot cocoa from its family of brands, including Tully’s Coffee®, Green Mountain Coffee®, Newman’s Own® Organics coffee and Timothy’s World Coffee®. The Keurig business unit is a pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup® portion packs for Keurig® Single-Cup Brewers are produced by a variety of licensed roasters, including Green Mountain Coffee, Tully’s Coffee and Timothy’s. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in Fair Trade Certified™ coffee, and donating at least five percent of its pre-tax profits to social and environmental projects. Visit www.gmcr.com for more information.

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