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The past month has been nirvana for the shareholders of Diedrich Coffee (DDRX ), at least for those who held on. The company was the object of a fierce bidding war from Green Mountain Coffee Roasters (GMCR) and Peet's Coffee (PEET).
But today, the hostilities are over as Green Mountain finally won the battle. The company has agreed to pay $35 per share for Diedrich (the bidding started at $26). Keep in mind that -- about a year ago -- the shares were trading at 21 cents.
Continue reading Green Mountain: Desperately seeking Diedrich Coffee
Stocks felt choppy all day, although the late day move and afternoon stability allowed stocks to have another solid day. Housing starts added some strength, and the buyers are still deciding they need to be in rather than out of the market. Continue reading Closing Bell: When sloppy days look pretty (GMCR, F, NTAP, JPM, BAC)
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