Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)

Diedrich Coffee (DDRX) rose sharply as Green Mountain Coffee Roasters (GMCR) confirmed that it has submitted a proposal to acquire Diedrich Coffee for $30.00 per share in a transaction with a total enterprise value of approximately $247 million. This was above a prior offer from Peet's Coffee & Tea (PEET), but Peet's raised its offer to $32.00. Diedrich shares were up 29% at $33.50 at the end of the day.

Elsewhere in the in world of coffee, Starbucks, Inc. (SBUX) was raised to BUY at Jefferies and shares were up 1% at $21.63 on the news ahead of this afternoon's closing bell.

eBay, Inc. (EBAY) was probably lucky today. The online auction giant had a search outage on Saturday that lasted for hours. Shares were still up 2.6% at $23.39 in the final minutes of the trading day.

CIGNA (CI) was an almost shocker. Despite the debate vote being opened by the Senate for its healthcare package, shares were up over 7% at $32.21 late in the day, with an analyst upgrade helping to push shares. Many of these are very close to 52-week highs.

Tech Data (TECD) rose after the technology and communications products distribution giant posted $0.84 EPS on a 9.5% drop in revenues to $5.64 billion. Thomson Reuters had Estimates at $0.71 EPS and $5.33 billion in revenues; it also sees Q4 sales higher in the low to mid single digits rather than an expected slight drop. Shares were up 1.6% at $43.51 right before the close.

Jon Ogg is a partner and editor at 24/7 Wall Street.