Tuesday, March 15, 2011

Should Starbucks Buy Peet's Coffee?

SEATTLE (TheStreet) -- Peet's Coffee & Tea shares plunged last week after Starbucks and Green Mountain Coffee Roasters announced a long-anticipated partnership. But the coffee roaster and specialty retailer's stock soared Tuesday amid rumors that Starbucks could be looking to take it over. Peet's shares surged 9.4% to close at $46 on Tuesday amid rumors it could be a takeover target of Starbucks ...

Read the original here: http://www.thestreet.com/story/11046470/1/should-starbucks-buy-peets-coffee.h..." title="Should Starbucks Buy Peet's Coffee?" target="_blank">Should Starbucks Buy Peet's Coffee?

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