Diedrich Deal Gives 8% Stake to Second Cup
Dow Jones
A Toronto company said Wednesday that it ended up with an 8% stake in Diedrich Coffee Inc. as a result of the Irvine coffee maker’s purchase last summer of Coffee People Inc.
Second Cup Ltd., which owned 69% of Coffee People, said in a filing with the Securities and Exchange Commission that it beneficially holds more than 1 million shares of Diedrich as consideration for the July 7 acquisition.
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