Beverage Industry

Green Mountain receives FTC clearance to acquire Diedrich Coffee

May 11, 2010

The Federal Trade Comission concluded an investigation into Waterbury, Vt.-based Green Mountain Coffee Roasters Inc.’s tender offer for Diedrich Coffee Inc., paving the way for Green Mountain to acquire the Irvine, Calif.-based coffee company.

The tender offer was set to expire at midnight on Monday, and Diedrich Coffee’s board of directors recommended that stockholders tender shares into the tender offer.